Fine in principle

It seems 2007 is proving another year of major regulatory and structural change for the pensions industry. April saw R-Day as the SIPP market came under the yoke of Financial Services Authority (FSA) regulation for the first time. Other key changes are timetabled for the autumn, most notably the introduction of New Conduct of Business Rules (NewCOB) on the 1st November. Let us state one thing at the start - the principle of regulation is a good thing. Regulation of the SIPP market is now in line with all other personal pensions which means that SIPP operators now need to observe the requi...