Looking ahead: How will regulation impact SIPPs in 2023?

SIPP market estimated worth sits at £500bn in assets

clock • 4 min read

Claire Court looks at the SIPP market and makes some predictions about what 2023 has in store for self-invested pensions…

For more than three decades, self-invested personal pensions (SIPP) have offered UK individuals a great way to diversify investments, take advantage of generous tax reliefs and better save for a more comfortable retirement journey. Packaged up in a huge variety of shapes and sizes - from 'low-cost' with fewer investment options to 'full SIPPs' with wider and more esoteric investment options and higher charging - SIPPs continue to grow exponentially, with the market now estimated to be worth approximately £500bn in assets. However, despite SIPPs continuing to soar in popularity, a rece...

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