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News in brief: Self-invested personal pensions on rise in UK

Self-invested personal pensions (Sipps), the UK personal pension investment vehicles, are set to increase as much as 86% by 2010.

Experts predict that the number of Sipps being launched will increase to 500,000 by 2010, compared with the present figure of 70,000, according to research conducted by Pensions Management. Last year eight providers in the Sipps markets doubled the number of schemes they administer and virtually all providers surveyed saw a rise in sales.

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