Mike Morrison: Govt must empower retirement savers

Here's to the next 25 years of pension saving

clock

Mike Morrison toasts the last 25 years of SIPPs and shares his views on the future of pension saving post-freedom and choice

Sometimes you wonder just where the time went! This year we celebrate 25 years of SIPPs and 20 years of income drawdown.  Now, I joined Provident Life, (which became Winterthur, which became AXAWealth) in the summer of 1990 (at this point, pause to suggest that the author cannot possibly be old enough to have done this!), just after SIPPs had started and we were at the forefront of the new market. Several years after the introduction of SIPPs the focus changed to decumulation with income drawdown being the result (well, at least until age 75 - it took until 2006 with ASP and then fina...

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 Pensions

'Caution' required over potential use of pensions for house deposits

'Caution' required over potential use of pensions for house deposits

Research finds the number of retirees living in rented property could treble by 2040

Martin Richmond
clock 23 January 2026 • 4 min read
Hidden 'systemic barriers' perpetuate gender pensions gap

Hidden 'systemic barriers' perpetuate gender pensions gap

Entrenched barriers, not lack of financial confidence to blame

Jenna Brown
clock 23 January 2026 • 3 min read
Mind the (widening) gender pensions gap

Mind the (widening) gender pensions gap

‘A terrifying outcome for women in retirement’

Caitlin Southall
clock 14 January 2026 • 4 min read