SIPPs: The challenges and opportunities

clock

The SIPP market recently celebrated its 25th anniversary. Ray Chinn takes a look at the opportunities and challenges that exist within the market.

Self-invested personal pensions (SIPPs) were conceived on 3 March 1989 via then-Chancellor Nigel Lawson’s Budget and effectively came into being following the publication of Joint Office Memorandum 101 on 13 October that year. This year marks the 25th year of the SIPP and the omens suggest a big year for the industry, with the Financial Conduct Authority due to release its final proposals for capital adequacy requirements for providers. What the requirements will finally look like remains unclear, but many commentators are predicting further consolidation within the market as smaller ...

To continue reading this article...

Join Professional Adviser for free

  • Unlimited access to real-time news, industry insights and market intelligence
  • Stay ahead of the curve with spotlights on emerging trends and technologies
  • Receive breaking news stories straight to your inbox in the daily newsletters
  • Make smart business decisions with the latest developments in regulation, investing retirement and protection
  • Members-only access to the editor’s weekly Friday commentary
  • Be the first to hear about our events and awards programmes

Join

 

Already a Professional Adviser member?

Login

More on Pensions

Transfer changes 'a start, not the finish line', pensions industry says

Transfer changes 'a start, not the finish line', pensions industry says

Clear and practical guidance ‘essential’ to apply the new framework consistently and with confidence

Jonathan Stapleton
clock 23 July 2026 • 4 min read
Financial Vulnerability Taskforce calls on advisers to rethink retirement planning

Financial Vulnerability Taskforce calls on advisers to rethink retirement planning

Publishes guide suggesting to ‘move beyond a pensions-only approach’

Sophia Panayi
clock 22 July 2026 • 2 min read
What might be in store for pensions under a Burnham premiership?

What might be in store for pensions under a Burnham premiership?

'My first hope for pensions under Burnham is stability and medium-term planning'

Andrew Tully
clock 20 July 2026 • 4 min read