Each month we ask leading industry figures to answer one big question...
Following the regulation of SIPPs, it was said we would see provider consolidation. Do you think it is starting to happen now? Association of Member-Directed Pension Schemes’ response To date, SIPP regulation has not been a driver for consolidation, but it is a concern that should regulation become too burdensome, pushing consolidation, this will affect consumer choice. Consolidation has chiefly occurred due to companies looking to diversify into what they see as a new and potentially profitable market. The Retail Distribution Review (RDR) is still considered to be the major driv...
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