There will be "Armageddon" in the SIPP market if two court judgements due imminently go against the providers, Dentons Pensions director of technical Martin Tilley warned PA360 North delegates today.
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...
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