There may be challenges currently affecting the SIPP market, but Andrew Leggett believes there is light at the end of the tunnel
I'm one of those who were too quick to predict consolidation in the self-invested personal pension (SIPP) market. While there have been examples (Suffolk Life bought by Legal & General, James Hay bought by IFG), it has so far amounted to less than we expected. At Defaqto, we gather data about financial products in many markets, one of which is SIPPs. While this is certainly a significant market, it is fair to say that others we cover are very much larger. Yet this niche has consistently had a lot more products and providers than many others for years. How has it resisted consolidati...
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