SIPP Conjecture debate: Property, drawdown and the FSA

Where do you see the main growth areas for the SIPP market over the coming year? Mike Morrison: I think the big one without doubt is going to be the at-retirement market. I also think the introduction of flexible and capped drawdown will really bring SIPPs to the fore. Martin Tilley: I would agree and I think the growth will be in the at-retirement market. We already had a fair degree of flexibility, but the problem we always had at the back end was there was either an annuity purchase or a tax charge on ASP. The introduction of flexible drawdown gives advisers another arrow in the qu...