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James Hay sees Sipp market share grow to 37 per cent

James Hay now has 37 per cent of the SIPP market, with over £6.5bn of funds under administration and over 26,000 SIPPs. James Hay says this now makes it the largest SIPP provider in the UK.

Manes Hay managing director, SIPP Division Jan Regnart says: “The popularity of SIPPs has grown dramatically over the last six years, with intermediaries recognising the advantages of the wide range of investment assets allowed within a SIPP that are not normally available through a traditional pension. The facilities within a SIPP, such as income drawdown and commercial property purchase are proving extremely useful tools with intermediaries and their clients when arranging retirement and tax planning.”

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