Raising standards

clock

As SIPP provider service levels remain under the microscope David Cook shares some of his experiences

A week can be a long time in pension administration. Here is my week for the end of June 2007. Monday - a routine SIPP valuation for a client takes an interesting turn when we discover that some unit trusts have been mysteriously surrendered. After hours of telephone calls to the client, unit trust providers and SIPP provider, the SIPP provider eventually calls back and confirms: "Ah yes sorry about that. Looks like, on our instruction, the unit trusts got encashed and we then transferred the funds directly to another client's SIPP. The other client is not one of yours and has now subse...

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 Pensions

State pension nears tax threshold – how can the government fix it?

State pension nears tax threshold – how can the government fix it?

'While policy change would be welcome, individual action is just as crucial'

Laura Suter
clock 06 May 2025 • 4 min read
A 1000-day wait: Pension transfer delays demand urgent reform, advisers say

A 1000-day wait: Pension transfer delays demand urgent reform, advisers say

Transfer delays highlight need for ten-day Pension Switch Guarantee

Sahar Nazir
clock 29 April 2025 • 2 min read
Sipps: How clients can avoid common retirement planning mistakes

Sipps: How clients can avoid common retirement planning mistakes

'Retirement planning stands as a cornerstone of long-term financial well-being'

James Floyd
clock 28 April 2025 • 4 min read