SIPP market breaks £75bn

Investments in the pension wrapper now exceed £75bn, up over 50% on 2007, figures from Suffolk Life suggest. The firm links the growth in SIPP assets partly to a recovery of the FTSE in 2009. John Moret, marketing director at Suffolk Life, says: "If the economic recovery proves sustainable it is possible that the value of the SIPP market will exceed £100bn by the end of 2010 with the SIPP rapidly becoming the only form of individual private pension provision." SIPPs remain a popular choice for investors despite a new pensions tax regime for high earners, rumours of other tax change...