SIPP boom is over, says former James Hay director

clock

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 ...

To continue reading this article...

Join Professional Adviser for free

  • Unlimited access to real-time news, industry insights and market intelligence
  • Stay ahead of the curve with spotlights on emerging trends and technologies
  • Receive breaking news stories straight to your inbox in the daily newsletters
  • Make smart business decisions with the latest developments in regulation, investing retirement and protection
  • Members-only access to the editor’s weekly Friday commentary
  • Be the first to hear about our events and awards programmes

Join

 

Already a Professional Adviser member?

Login

More on uncategorised

Titan Wealth inks Harlequins partnership

Titan Wealth inks Harlequins partnership

Becomes wealth management and women’s partner

Jen Frost
clock 03 October 2025 • 2 min read
Scotland Investment Roadshow 2025: Join PA in Edinburgh and Glasgow next week

Scotland Investment Roadshow 2025: Join PA in Edinburgh and Glasgow next week

The Scotland Investment Roadshow kicks off next week

Professional Adviser
clock 19 September 2025 • 1 min read
Scotland Investment Roadshow 2025: Join PA in Edinburgh and Glasgow next week

Scotland Investment Roadshow 2025: Join PA in Edinburgh and Glasgow next week

The Scotland Investment Roadshow kicks off next week

Professional Adviser
clock 16 September 2025 • 1 min read