SIPPs are RDR-proofed - Defaqto

SIPPs are future-proofed and will prove robust in the post-RDR world, according to Defaqto.

In its latest report on the sector, Defaqto says the nature of SIPPs and the profile of their clients makes them an excellent product for advisers adapting to the RDR model.

Defaqto's research suggests a third of adviser firms see themselves as either pensions specialist, investment specialists or wealth managers, and Defaqto says these types of firms are best placed to thrive in the post-RDR world.

Matt Ward, principal consultant for pensions and wealth management at Defaqto, says: "SIPPs' natural positioning at the top end of the market fits the bill for those professionally qualified IFAs who will be advising clients on a holistic basis and payable by fees."

Recent moves to appeal to the mass-market will also help SIPPs ensure they provide a pensions solution across a range of sectors identified in the RDR, Ward adds, and will ensure they can continue to adapt to a changing market.

Defaqto believes SIPPs will continue to expand after 2012, as they provide a wide-range of options for advisers and their clients.