Is large scale SIPP consolidation looming?

When SIPPs were regulated in 2007, it was widely believed provider consolidation would follow soon after. It was thought high costs associated with regulation would make trading difficult leading to acquisitions. But four years on, we have yet to see consolidation happen on any meaningful scale. However, recent news prompted some to believe consolidation could be on its way. Earlier this year Curtis Banks purchased the Montpelier SIPP portfolio and Pointon York made it clear it was setting funds aside to acquire smaller SIPP providers. Then in July, reports circulated that Hornbuckle ...