IFAs to benefit from £1,000bn SIPPs growth

A new SIPP study by Rhyme Systems found the SIPP market grew by 40% in 2006 as the product moves from the high net worth sector to the mass affluent market. A seminar to discuss the research, attended by many senior SIPP professionals from Suffolk Life, Thames River Capital, Standard Life and CoreData Research, concluded regulation is driving major changes in the industry and IFAs have a major role to play in future developments. The panel believes rapid market expansion is partly due to the FSA treating SIPPs as a mainstream product, and removing artificial barriers to provision. This...