'Significant gap' found in HMRC's SIPP data

Findings from a freedom of information request sent by the provider found that HMRC does not hold data identifying SIPPs or junior SIPPs as distinct categories as pension providers are not currently required to report this information. As a result, Aberdeen Adviser cautioned that "there is no reliable way" to track how many SIPPs exist, how they are growing, or how they are being used. By contrast, the provider noted, detailed ISA data is published annually, covering market values, subscription levels and growth trends. It therefore said that "private pension data should meet the same...