John Moret: SIPP long tail is 'unsustainable'

Although there are currently some 100 SIPP providers, the biggest 10 are providing 80% of SIPPs and hold 72.3% of assets, according to figures from research company MoretoSIPPs. These providers comprise Aegon, Aviva, Standard Life, Scottish Widows, Hargreaves Lansdown, Transact, Nucleus, AJ Bell, James Hay and Curtis Banks. This is a "skewed" market, according to Moret (pictured), who added that many of the smaller SIPP providers will struggle to continue to write new business following the introduction of capital adequacy rules. The capital adequacy requirements will see most firms n...