We're not talking about drawdown.I'm asking how will insurance companies deal with pension funds containing PR money if they plan to offer SIPPs to the masses? Split them in two?
The question was really aimed at Dunstonh who has commented on several threads that he expects insurers to produce SIPP prodiucts which will be sold interchangeably with stakeholders and PPs. For example Standard Life announced the other day it is producing a Group SIPP product imminently, aimed at the mass GPP market.
But can the PR money be invested in all types of funds in the "insured SIPP"? Or only in cash, which is what the other SIPP providers offer?
I don't understand what an "insured SIPP" is.
I would like to investigate thoroughly sipps, sipp charges, commission paid to IFAs for advice around this area.
Is there something on this site that highlights rates etc. as they do for mortgages?
I would ( respectfully :-) ) disagree with dh's and ob's advice to wait - you can use last year's allowance until January 31st so I would be inclined to say bung it in while you can
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