Q&A: Greg Kingston on SIPP due diligence

Helen Morrissey
clock

Suffolk Life's head of marketing discusses with Retirement Planner the FSA's focus on SIPP due diligence

The FSA has criticised many SIPP providers’ due diligence processes when it comes high-risk investments. What processes should providers put in place? The first step should be having a clearly documented process. Without this, it would be impossible to operate defined controls. These higher risk investments are normally the esoteric ones, the traditional domain of bespoke SIPP providers. Their first check is likely to be whether the investment is permitted under HMRC rules, and then if they as a provider can accept it. Some providers have experience of a wide range of these types of inve...

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

Pensions and divorce: Where advisers can add the most value

Pensions and divorce: Where advisers can add the most value

'A pension is not simply another line on a balance sheet'

Tim Latham
clock 12 May 2026 • 4 min read
'A paralysis of the UK pension system' - The reality of transfer delays

'A paralysis of the UK pension system' - The reality of transfer delays

Provider ‘stalling’ causing tense SASS client case

Isabel Baxter
clock 12 May 2026 • 6 min read
WBR group buys financial planning firm's SSAS book

WBR group buys financial planning firm's SSAS book

Part of long-term growth strategy

Jenna Brown
clock 05 May 2026 • 2 min read