Advisers predict SIPP provider numbers will halve in two years

The figures mean advisers believe about half of the SIPP firms in operation today will disappear over the course of the next two years. While the figures point to predicted consolidation in the market 100% of advisers believe they will write more SIPP business this year and 42% predict they will write more small self-administered scheme business. More than 50 advisers were polled at Dentons annual seminar held last month. Centre for Policy Studies research fellow Michael Johnson spoke at the event which covered a number of areas including why saving matters, barriers to trust and s...