What next for the SIPP market?

Back at the start of the decade, SIPPs were seen as a niche vehicle for wealthy individuals, used particularly for commercial property purchase. All that changed as SIPPs hit the headlines in the run-up to ‘A’ Day and became the subject of much press coverage, following the proposed introduction of regulations that would have allowed residential property and other assets such as wine and art to be held within a SIPP. Along with greater flexibility, this made it look like SIPPs would replace personal pensions as the main retirement savings vehicle in the UK. However, the government chang...