As the SIPP market continues to grow Colin Christie highlights the main challenges going forward
Given the huge growth in SIPP sales post A-Day what are your future growth expectations for the market? The market continues to be fuelled by increasing client demand for the greater control and flexibility provided by SSASs and SIPPs. In addition, the vast majority of funds within UK pensions are held in defined benefit or final salary schemes. Recent industry estimates put the figure as high as £1.5 trillion. However, a recent survey by the Association of Consulting Actuaries revealed 81% of defined benefit schemes are now closed to new members, and the number of schemes closed to the...
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