SIPP Roundtable: Defining SIPP

HELEN MORRISSEY: SIPPs have been regulated for almost a year. How has the market adapted to this? JOHN MORET: Well it's adapted in that we know that there are 150+ operators who are now regulated. Obviously there's been speculation about consolidation but it's happening more slowly than some might have anticipated. However, we haven't yet had a year of regulation and there have been signs that some companies are starting to move in that particular area. I'm not convinced that the FSA actually fully understands the implications of the new regulatory environment. I think there are some as...