Number of SIPP millionaires up 20% at Hargreaves Lansdown

Provider has 3,794 SIPP millionaires on its client roster

Jenna Brown
clock • 2 min read

The number of Hargreaves Lansdown self-invested personal pension (SIPP) clients with assets of more than £1m has increased by 20% in two years.

The provider said it had 3,794 SIPP millionaires on its client roster at the end of March this year. That was up from 3,166 SIPP millionaires two years ago. Data showed the median age of the wealthy pension savers was 63 and 90% of them were male.  The provider said its SIPP millionaires tended to hold more investments in the UK, US and gilts than non-SIPP millionaires.  Head of retirement analysis Helen Morrissey said: "The number of people hitting the magic million in their SIPP continues to grow, with almost 3,800 HL clients currently SIPP millionaires. This is up a fifth from t...

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