The number of Sipps administered by Curtis Banks jumped by 115% in the first half of the year, as the company reported a 67% profit increase today.
There will be a shift in the Sipp sector towards firms either restricting their offering to standard assets or offering a full Sipp investment offering including non-standard investments, an industry expert has forecast.
A Sipp has been made available on a new direct-to-consumer online platform aimed at retirees.
A director at Mattioli Woods has confirmed his firm is holding talks with troubled Sipp providers and the FCA to look at possible solutions ahead of the revamped capital adequacy rules taking effect next year.
Sipp sales at James Hay increased by 26% in the first half of 2015, the firm reported this morning.