David Bonneywell: Why are bulk SIPP transfers on the rise?

Over the past few months, we have received a marked increase in the number of enquiries from advisers looking to transfer their client's self-invested personal pensions (SIPP) to a different administrator. This isn't a new issue, but what we are now seeing are requests to bulk transfer whole books of SIPPs across to us, rather than it being one or two.  Talking to the advisers, the main reasons for this are continued consolidation, lack of development in technology and a sense that some administrators are not focused on developing their business. Non-standard So advisers are conc...