SIPPs: The challenges and opportunities

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 ...