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

Planning ahead of IHT changes: Using pensions to support charities

Planning ahead of IHT changes: Using pensions to support charities

Practical planning steps for advisers

Pooja Shah
clock 16 April 2026 • 5 min read
FCA to take action against Hartley Pensions and involved individual

FCA to take action against Hartley Pensions and involved individual

Entered administration in 2022

Jen Frost
clock 15 April 2026 • 2 min read
From A-day to IHT: How government forgot the meaning of 'consultation'

From A-day to IHT: How government forgot the meaning of 'consultation'

'What is particularly galling is that there were viable alternatives'

Rachel Vahey
clock 14 April 2026 • 3 min read