Going for gold: Maintaining service in a consolidating SIPP market

Can SIPPs maintain the level of service advisers expect from them?

clock • 3 min read

Claire Trott looks at the potential issues thrown up by SIPP market consolidation and asks if service levels can be maintained as M&A activity continues...

With all the consolidation that we have seen in the pensions market so far in 2016, the thing that has set self-invested personal pensions (SIPP) apart from your average insurance company personal pension for many years may be at risk. What am I talking about? Service of course. With large books of business moving from one provider to another, the amalgamation of back office systems and the possible closure of offices and the loss of knowledge, can SIPPs maintain the level of service advisers expect from them? It isn't a given that they will, but there are some areas that really ma...

To continue reading this article...

Join Professional Adviser for free

  • Unlimited access to real-time news, industry insights and market intelligence
  • Stay ahead of the curve with spotlights on emerging trends and technologies
  • Receive breaking news stories straight to your inbox in the daily newsletters
  • Make smart business decisions with the latest developments in regulation, investing retirement and protection
  • Members-only access to the editor’s weekly Friday commentary
  • Be the first to hear about our events and awards programmes

Join

 

Already a Professional Adviser member?

Login

More on Pensions

AJ Bell sells Platinum SIPP and SSAS business in £25m deal

AJ Bell sells Platinum SIPP and SSAS business in £25m deal

InvestAcc Group takes over £3.2bn book of business

Jenna Brown
clock 27 March 2025 • 1 min read
Spring Statement 25: 'As you were' following pensions exclusion

Spring Statement 25: 'As you were' following pensions exclusion

Pensions were notably lacking from today's Spring Statement

Holly Roach
clock 26 March 2025 • 4 min read
Majority of pension savers would use digital advice from providers

Majority of pension savers would use digital advice from providers

Some 73% of workplace pension savers want advice from providers

Jenna Brown
clock 24 March 2025 • 2 min read