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Martin Tilley, head of technical support at Dentons Pensions, has forecast that "a third to a quarter" of Sipp providers could quit the market in the next few years.

Sipp provider Hornbuckle Mitchell has cut its Sipps set-up fees by 30 per cent to celebrate its 30th anniversary.

Sipp provider and Institute of Financial Planning sponsor Suffolk Life has reached £5bn in assets under administration this month.

Sipp provider Suffolk Life is holding a series of seminars nationwide to help financial advisers understand Sipps.

Sipp provider Mattioli Woods has seen its revenue increase by 33 per cent to £20.5m, up from £15.4m in 2011.

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