Sweeping changes

The changes introduced at A-Day were the key catalyst for growth in the SIPP market. In the run up to the new simplified regime pension providers and advisers geared themselves up to take advantage of the relaxation of the benefits regime and the extension of investment freedom that was promised. Despite the consternation caused by a number of u-turns in the legislative process since 6th April 2006, interest in pensions still remains buoyant. This is particularly true of the SIPP market. The advent of FSA regulation in this market has yet to create much of an impact with over 250,000 contr...