The Big Question

Following the regulation of SIPPs, it was said we would see provider consolidation. Do you think it is starting to happen now? Association of Member-Directed Pension Schemes’ response To date, SIPP regulation has not been a driver for consolidation, but it is a concern that should regulation become too burdensome, pushing consolidation, this will affect consumer choice. Consolidation has chiefly occurred due to companies looking to diversify into what they see as a new and potentially profitable market. The Retail Distribution Review (RDR) is still considered to be the major driv...