Sipp market set for growth

The Sipp market will grow dramatically as those app-roaching retirement look to consolidate their pension fund assets under a single wrapper. That is the prediction of Colin Maloney, pensions development director at Jupiter, who said intermediaries would have to ensure the advice they give on switching providers and administrators is both financially sound and justifiable. 'People will want to consolidate their pensions into a Sipp under one administration route and diversify their investments within one package,' he said. Maloney added it will be important to ensure the new pension p...