Winterthur Life backs TIPs linked to SIPPs

Winterthur Life says that using TIP contracts in a SIPP enables trustees access to investment markets without having to appoint a stockbroker, meaning an avoidance of incurring individual charges through stockbrokers each time shares are bought or sold. Winterthur says the UK TIP market is proving ever more popular and is currently valued at £600m, with 2,500 plans already in place this year, adding to last years figure of 48,500. Mike Morrison, pensions strategy manager at Winterthur Life, says that while advisers have picked up on the appeal that SIPPS have, there is a concern surroun...