Dentons to IFAs: focus on SIPP sustainability, not fees

Laura Miller
clock

Independent financial advisers (IFAs) must consider the sustainability of a self-invested personal pension (SIPP) provider and not put too much emphasis on short-term factors such as fees, Dentons has said.

In research carried out by the SIPP provider, IFAs ranked provider profitability and financial strength as low down on their priority list suggesting capital adequacy is not yet a key concern for them. Dentons collated responses from IFAs, including wealth managers and a mixture of larger and smaller adviser firms, and SIPP provider professionals. Respondents were asked to rank 11 criteria for choosing a SIPP provider in order of importance to them, one being the most important and 11 the least. The two most important factors for intermediaries were a provider's fee schedule, ranke...

To continue reading this article...

Join Professional Adviser for free

  • Unlimited access to real-time news, industry insights and market intelligence
  • Stay ahead of the curve with spotlights on emerging trends and technologies
  • Receive breaking news stories straight to your inbox in the daily newsletters
  • Make smart business decisions with the latest developments in regulation, investing retirement and protection
  • Members-only access to the editor’s weekly Friday commentary
  • Be the first to hear about our events and awards programmes

Join

 

Already a Professional Adviser member?

Login

More on Pensions

New pensions minister: Advisers cautiously welcome 'radical thinker' Torsten Bell

New pensions minister: Advisers cautiously welcome 'radical thinker' Torsten Bell

Former CEO of Resolution Foundation takes over pensions minister brief

Jenna Brown and Isabel Baxter
clock 15 January 2025 • 7 min read
Retirement confidence: Why are women still lagging behind?

Retirement confidence: Why are women still lagging behind?

'If we don't do better, the gender pensions gap won't be closing any time soon'

Laura Barnes
clock 14 January 2025 • 4 min read
Administrators reach sale deal for PSG's Unity SIPP

Administrators reach sale deal for PSG's Unity SIPP

Scheme operated around 5,500 SIPPs

Jen Frost
clock 10 January 2025 • 2 min read