Hornbuckle business up 24% as SIPPs boom

Dissatisfaction with traditional personal pensions and growing interest from advisers helped the group to grow turnover by 17% last year, the firm says. Business turnover rose to £10.33m, with income from SIPP, FIPP and SSAS up 38% during the year. Hornbuckle's total scheme members rose to 11,900, up 28%, which helped new business grow by 24%. "These strong numbers underline the fact that interest in self-directed pensions is showing no signs of abating," says managing director, Dave White. White expects business and fund inflows to increase rapidly this year as taxes are raised to ...