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New research1 from Baring Asset Management (Barings), the investment manager, has found that significantly more people are turning to friends or family for advice on their pensions while the number of people turning to financial advisers remains flat.
Over 75 per cent of workers have no idea how much their company pensions are worth, according to Prudential.
Sipp provider Suffolk Life is holding a series of seminars nationwide to help financial advisers understand Sipps.
Pension provider Xafinity has cut its SimplySipp full set-up fee by £100 to just £150 plus VAT per client.
Sipp provider Mattioli Woods has seen its revenue increase by 33 per cent to £20.5m, up from £15.4m in 2011.