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PPML predicts massive growth in Sipp market

Self-invested personal pension administrator PPML is forecasting a ten-fold increase in the Sipp market over the next ten years.

It believes Sipps were the success story of the 90s and says the £15bn already invested in Sipps is set to grow. Winterthur Life-owned PPML says the increase will arise from greater consumer and adviser awareness of investment opportunities.

It hopes this will mean Sipps will lose their ‘elitist’ tag and costs will come down as the technology to administer the specialist pension schemes improves.

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