The flexibility of SIPP and SSAS will increase their popularity as the Government cuts back on pension tax relief, according to Rowanmoor Pensions.
Making its predictions for the pensions market in 2010, Rowanmoor says family SIPPs, scheme pension and increased regulation will be keys themes in the coming year. Rowanmoor's managing director, Ian Hammond, says member directed options will become increasingly important as investors seek flexibility in their pension. He says the defined benefit SSAS structure is likely to become increasingly popular after the Government opted to freeze the lifetime allowance. Family SIPPs are set to increase in popularity, according to Hammond, and new entrants to the market are expected in 2010....
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