PA360 North: 'Armageddon' in SIPP market if cases go against providers

Speaking at Professional Adviser's all-day conference for financial advisers, the self-invested personal pension (SIPP) expert told the room between a quarter and a third of the market could cease to exist should two imminent decisions go against the providers. Tilley was giving a presentation on the state of the SIPP market, and touched on the current "limbo" faced by SIPP providers as they await the judgements on Adams v Carey Pensions, and Berkeley Burke v FOS. Both could appear in a matter of days. If the judgements go against the SIPP providers, said Tilley, there could be "Armag...