Part of the process

The regulation of personal pension schemes from 6 April 2007, and the consequent regulation of the market for self-invested personal pensions (SIPPs), has brought significant changes to advice requirements for investment into SIPPs. It has not affected which investments are available (although it may in the longer term), but it does change the process required in many cases. Before 6 April, SIPP advice was unregulated. This meant, for example, that if an adviser recommended that a client should include a commercial property within a SIPP that advice was technically not regulated. There wa...