TITLE

Standard Sipp sales hit by FSA review

AUTHOR(S)
Pow, Helen
PUB. DATE
August 2009
SOURCE
Money Marketing;8/13/2009, p12
SOURCE TYPE
Periodical
DOC. TYPE
Article
ABSTRACT
The article reports on the 26% decrease in the self-invested personal pension (SIPP) business in the first half of 2009 which is claimed due to the Financial Services Authority's (FSA) review of pension switching. Standard Life Assurance Co. chief executive Sandy Crombie said that regulatory intervention and government tax changes contributed to SIPP decline. Operating profit of the firm declined by 35% to the 243 million British pounds in comparison with the 377 million British pounds.
ACCESSION #
44018398

 

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