Surge in SIPP interest predicted under Consumer Duty

SIPPs could be ‘major beneficiaries’ of the new regulation

Sahar Nazir
clock • 1 min read

Nearly half (45%) of financial advisers believe interest in self-invested personal pensions (SIPPs) will increase under Consumer Duty, according to a recent study by iPensions Group.

Advisers said they expect an increase in the number of consumers opting for SIPPs as a result of the regulation, which is set to be implemented on 31 July. The study also found that advisers expect the new Consumer Duty rules to deliver on their key aim of "boosting consumer retail investment". Managing director Craig Cheyne said: "Pensions in general and SIPPs in particular look likely to be major beneficiaries of the new rules and advisers are also reviewing the products they will offer to customers."Around two out of five (39%) believe the numbers of customers taking out retail inv...

To continue reading this article...

Join Professional Adviser for free

  • Unlimited access to real-time news, industry insights and market intelligence
  • Stay ahead of the curve with spotlights on emerging trends and technologies
  • Receive breaking news stories straight to your inbox in the daily newsletters
  • Make smart business decisions with the latest developments in regulation, investing retirement and protection
  • Members-only access to the editor’s weekly Friday commentary
  • Be the first to hear about our events and awards programmes

Join

 

Already a Professional Adviser member?

Login

More on Your profession

Intergenerational transfers: 1.2 million older clients predict children will change advisers

Intergenerational transfers: 1.2 million older clients predict children will change advisers

‘Firms cannot afford to be complacent about the threat of intergenerational transfers’

Isabel Baxter
clock 18 September 2025 • 2 min read
PA Awards 2026: Entry deadline tomorrow!

PA Awards 2026: Entry deadline tomorrow!

Celebrating the best in financial planning and advice

Professional Adviser
clock 18 September 2025 • 1 min read
PFS reports pre-tax loss of £660,000 for 2024 as membership falls

PFS reports pre-tax loss of £660,000 for 2024 as membership falls

Total benefit recharge to CII in 2024 was £6.96m

Jenna Brown
clock 18 September 2025 • 3 min read