Moret: 1.5 million SIPPs by 2018

Speaking at the 2013 Henry Stewart conference on SIPPs and Retirement Options, the More 2 SIPPs principal predicted platform SIPPs would account for half of the market by January 2018. He said the SIPP market had grown of a rate of 35% year-on-year since 2006's A-Day, with 200,000 new SIPPs sold annually. He estimated at 1 January 2013 there were 1,029,000 SIPPs which held £122 billion worth of assets. However, delegates heard bespoke SIPPs were beginning to slow in their rate of growth but could still reach a quarter of a million by 2018. In part this decline would be influenced by t...