Polarising pensions market sees Sipps rise in popularity

Polarisation in the pensions market in the wake of the introduction of the stakeholder regime is driving the growth of Sipps, according to research for PPML. One in four financial services organisations believe that the main trend in the personal pensions market is the increasing popularity of Sipps. Those responding to the survey of current and potential Sipp providers said stakeholder's introduction and gradual replacement of the traditional personal pension is creating a polarisation between stakeholder at the lower-premium end of the market and Sipps at the higher-premium end. The ...