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Aviva’s announcement about on-platform SIPP’s – following on from those made by the FSA’s on client suitability – could limit investors choice and possibly restrict the growth in alternative investments held in a SIPP. Aviva is set to launch a low-cost Sipps in response to the Financial Services Authority’s (FSA) concerns that some customers are paying too much in SIPP fees and would be better served on a platform. Phil Ralli, senior marketing manager, said Aviva was developing an on-platform SIPP, which would have increasing layers of charges, to keep costs low for clients who initially only wanted to invest… continue reading