We should point out that some advisers did not see the questions as relevant to the way they do business. One, David Hearne of Satis in London, argued that, “It’s just not the way we think of Sipps. As a planner I am thinking about retirement not pensions.”
Maybe the growth of Sipps has been more significant as part of a homogenous whole retirement market, rather than as one standalone product which has encroached on all others. If that is the case, it seems likely that the new freedoms-dominated landscape will see Sipps continue to pay a significant part, but their flexibility will ensure they are part of a bigger solution. They may still get the lion’s share of attention in the press though.
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