Sipp ignorance harming consumers - Fidelity

The fund supermarket says the popularity of SIPPs as the personal pension of choice for the mass affluent appears to be growing. However, in a survey of 129 advisers, less than half felt investors were aware of the benefits of SIPPs such as the improved contribution limits and increased flexibility for income drawdown. While almost a quarter (22%) of advisers felt there was little awareness among investors about the opportunities now open to them, over a third (34%) were more positive, stating their clients were keen to find out more once they understood the potential. David Dalton-Brown...