Forecasting the future of SIPPs

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As SIPPs celebrate their 20th birthday John Moret assesses how he thinks the market will develop

March 2009 was a significant milestone for the SIPP market. Not only did it mark the twentieth anniversary of the conception of SIPPs but it also saw confirmation that there were now more than half a million SIPPs being used in the UK. More of that milestone later but first, let us have a quick look back at the evolution and development of SIPPs, as it may provide some clues to the future prospects for this market. The architect of SIPPs was Nigel Lawson, who as Chancellor announced his intention to widen the scope of investments allowed for personal pensions in his 1989 budget speech - j...

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