SIPPs: SIPP growth grinds to a halt

The latest Money Management SIPP (Self Invested Personal Pension) survey has thrown up some interesting statistics. According to the survey, the total assets held in SIPPs, has risen slightly since the last survey, six months ago, to £88.6 billion. The increase is small though, only 0.08% over the past six months, whilst at the same time, there has been a significant fall in the number of SIPPs in existence. The survey revealed that over the past year an additional 90,000 plans had been written by the 58 SIPP providers who took part in the survey, with 6,000 SIPPs ...