The boom in SIPP sales that has seen numbers of the products grow to 700,000 is over, a former James Hay Partnership director has said.
Richard Mattison, who was business development director at James Hay until September 2011, said sales of "true SIPPs" offering total flexibility "plateaued some time ago". His comments contradict predictions made by MoreToSIPPs director John Moret, who has claimed SIPP numbers will hit 1.2m by 2015. Mattison this week announced he and Jane Davies, former business development manager at James Hay, have bought SSAS firm Whitehall Group. Explaining the move from SIPP to SSAS, Mattison said: "There is a resurgence in the popularity of the SSAS. "SSAS can do everything a SIPP can do ...
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