Retirement Planner talks to Martin Tilley about the potential increase in provider consolidation and what this means for the SIPP industry.
What are the major trends that you are seeing in the SIPP market right now? As far as trends go, we are seeing an increase in the number of direct commercial property deals. We estimate that about one in four of the SIPPs we have coming in have some kind of direct investment into property. In these tough economic times, it can be difficult to get the necessary funding to do this and so, we are increasingly seeing properties being purchased on a joint basis. We even had a case of several advisers clubbing together to purchase their office. The post-A-Day reduced borrowing faci...
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