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Interest in Sipps expected to surge

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Wednesday 12th April 2006


Financial advisers are predicting increased interest in self-invested personal pensions (Sipps) over the coming months, according to Assetz.

The company states that 71 per cent of advisers believe that the A-Day changes to Sipps made by Gordon Brown last week have made them a more attractive option for a retirement plan.

In addition, 36 per cent of experts state that the fact the Sipps can be used alongside an employer based scheme has made them even more attractive to investors.

David Dalton-Brown, executive director and head of FundsNetwork, told the website that he was encouraged that "an overwhelming majority of advisers believe that they will use platforms for their retirement business in the future.

"This is due to the fact that platforms can support the detailed and flexible reporting they need, along with offering a range of product wrappers and investment options – all highlighted in our research as highly important," he said.

An Inside Track report states that over half of Britons believe that UK property investments will provide sufficient income for their retirements.


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