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And so as the dust settles on April’s seismic changes to the pensions regime what can the Sipp market expect from a new Government and new Pensions Minister.

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Most members of pension schemes are likely to turn down the option to withdraw 100% of their pension rights as a lump sum, according to research from Capita Employee Benefits.
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At the time of writing the new pensions landscape is less than four weeks away. And yet quite remarkably no-one seems able to predict with any confidence just how pension savers will respond.

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2015 is a watershed for me. It heralds the end of one journey and the start of another. It's difficult to be precise but sometime around 6 April will probably mark the transition point.

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For someone who's been involved with the Sipp market since its inception 2014 by any measure was an extraordinary year – and a year of considerable contrasts.

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I don't know about you but I'm becoming rather disillusioned with the SIPP market and the bad news stories that seem to be more regular and more alarming.

 

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Tuesday, 27 May 2014 11:14

James Hay to take on Capita's Sipp book

James Hay Partnership has struck a deal that will lead to it taking on Capita's Sipp book.
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I have been calling for reform of the regulatory framework for SIPPs almost from the time that SIPPs were first regulated in 2007. 
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Writing this blog on the last day of 2013 provides an ideal opportunity to reflect on what happened to the Sipp market during 2013 – and to look forward to 2014.
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Sipp and SSAS provider Xafinity is urging advisers to factor in the possibility of their provider exiting the Sipp market after Capita decided to quit Sipp administration.
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