View more on these topics

L&G plans group Sipp debut

Legal & General has become the latest pension provider to confirm its interest in the group Sipp market as it prepares to launch a product this year.

Pensions strategy director Adrian Boulding says the move is driven partially by the onset of personal accounts in 2012, which he believes will make many cheap group personal pensions defunct.

He recognises concerns in some parts of the market, expressed most vocally by Scottish Life, that it may be difficult to reconcile group self-invested personal pensions with the FSA’s treating customers fairly rules if lower-paid employees face a high base charge for investment flexibility they do not use.

Boulding says these difficulties can be overcome by operating a graded charging structure. He says: “Group Sipp is what we are getting excited about. With personal accounts on the horizon, which is effectively a cheap GPP, we need to look at what we could offer that would better this. It is essential from a TCF perspective that people should not pay more for extras that are irrelevant for them.”


Guy Batchelor

Lehman Brothers’ UK mortgage business sales and marketing director has recently returned to the market after 10 years with Platform and is at the forefront of his new firm’s three-pronged attack on specialist mortgages Interview by Guy Anker.

Fast March for house prices

House prices picked up again in March as the market absorbed interest rate rises, says the Royal Institution of Chartered Surveyors.

Global energy: positioning for a recovery in the oil price Š

Richard Hulf explains how he and John Dodd have positioned the Artemis Global Energy Fund and where they are finding opportunities. Richard explains how he and John are changing the complexion of the fund to focus on the most efficient oil producers. As he tells journalist Alexis Xydias, in this environment of lower prices, he […]


News and expert analysis straight to your inbox

Sign up


    Leave a comment