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Survey ‘reinforces view of Sipps as mainstream plan’

Portfolio manager Brewin Dolphin claims one-third of people in the UK have already invested in self-invested personal pensions or are considering doing so.

However, its research also reveals that over half of people are still oblivious to the existence of Sipps.

Brewin Dolphin says its study reinforces market predictions that Sipps, once the preserve of high-net-worth clients, will become a mainstream product after A-Day.

But despite growing popularity of Sipps, it says 54 per cent of the 1,017 people surv- eyed were unaware of the plans.

Head of financial services Sandy Bryson says: “It is encoura- ging that there is so much interest in Sipps ahead of A-Day next April, which will be a catalyst in transforming this product into a mainstream retirement planning vehicle. The growth of Sipps casts a rare shaft of light on what is otherwise a bleak pension landscape.”

But Innes Reid Investments senior adviser Jim Turner says: “I would not expect low earners to know about Sipps and would never advise them to invest in one.”


The meaning of lifetime

Generating a detailed customer profile is crucial to pricing equity-release products but it must go hand in hand with regular cross- checking of loans throughout their lifetime, says Mortgage Express product development manager Roger Hillier

What a carry on!

Invesco Perpetual is to sponsor Wales’ four international matches at the Millennium Stadium in Cardiff in November. The Grand Slam winners play all three Southern hemisphere superpowers to kick off their 125th anniversary season. The deal even allowed marketing director Rick White to strut around the hallowed Welsh turf for a bit of shameless publicity.

Make your mind up time

I refer to Robert Reid’s letter in Money Marketing on October 20. I am sure that all professional advisers, having now heard both sides of the argument, are capable of making up their own minds whether their clients should stay put, transfer now or transfer after A-Day. Or as Robert so ably points out, transfer […]

'Feeling the Squeeze'

Royal London carried out a UK wide survey with 2,500 consumers age 35-44 over the summer. The survey found that over a third, 34 per cent, said their finances felt Squeezed and so were struggling to meet day-to-day expenses, despite 87 per cent being aware that they need to save more. However, the survey did […]


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