To ensure they are selecting the right provider for the future, advisers and investors must be prepared to start asking simple, precise questions to their Sipp providers about what their plans are for the future. Their plans for the investments they will allow, their financial strength, the drawdown options they will deliver and their plans for online development.
If the answers prove challenging they should not baulk from continuing to look for the right provider. The new pension income rules mean that they could be together for a very, very long time.
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Greg Kingston is head of marketing and proposition at Suffolk Life
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