Niche esoteric SIPP providers could emerge

Andrew Roberts said there could be a rise in SIPP providers segregating their offerings into open architecture investments and esoteric investments. Some might choose from a permitted investment list while others will specialise in the esoteric space. He said these decisions would be shaped by decisions around due diligence requirements, cost to the business and clients and capital adequacy rules yet to be confirmed. Roberts expects industry wide consolidation and partnerships to emerge as a result of these dynamics. "You might get SIPP providers saying they're going to specialise ...