Sipps continue to thrive as they embark on next chapter

Sipp regulation is due to come into force in April 2007 and this should result in more consistent transparency across the market which will allow these products to be compared more accurately

Since the first self invested personal pension (Sipp) contract was written in March 1990, the market has been flourishing. In April next year, the next chapter will begin with the introduction of regulation. By the autumn, it will be fully phased in across the whole Sipp market. Just as with pension simplification, this presents a need to make changes and also a huge opportunity for those who are prepared. The growth rate in the Sipp market has been consistently strong since inception. In 1998, there were 3,000 fledgling schemes in operation. But a year later the number had doubled to 6,00...