Does the increasing scrutiny by our regulator around the transparency

clock

Question: Does the increasing scrutiny by our regulator around the transparency theme give real concern to SIPP providers in today's world? Can they afford to gear themselves up for real change?

Andy Leggett, Suffolk Life: "There's a certain irony about transparency questions. It was the A-Day changes that brought in a lot of new pension terminology - terminology embedded in the legislation that determines how pension schemes are run. SIPP providers have since received a ticking-off for using this terminology as it is confusing to customers! "The flexibility of SIPPs means that there are a great many options. If a provider charged a single, all-encompassing fee (or percentage) many would say that was not fair - there would, after all, be a cross subsidy between plan holders. A m...

To continue reading this article...

Join Professional Adviser for free

  • Unlimited access to real-time news, industry insights and market intelligence
  • Stay ahead of the curve with spotlights on emerging trends and technologies
  • Receive breaking news stories straight to your inbox in the daily newsletters
  • Make smart business decisions with the latest developments in regulation, investing retirement and protection
  • Members-only access to the editor’s weekly Friday commentary
  • Be the first to hear about our events and awards programmes

Join

 

Already a Professional Adviser member?

Login

More on uncategorised

Women in Financial Advice Awards 2026: Nominations open!

Women in Financial Advice Awards 2026: Nominations open!

Awards to be held at Hilton Bankside in London

Professional Adviser
clock 24 March 2026 • 1 min read
PA Awards 2026: Photos from the night

PA Awards 2026: Photos from the night

Celebrating the advice profession's best

Professional Adviser
clock 20 March 2026 • 1 min read
PA Awards 2026: Winners' photo gallery from the night

PA Awards 2026: Winners' photo gallery from the night

PA’s 21st awards took place on 18 March

Professional Adviser
clock 19 March 2026 • 1 min read