John Moret discusses the need for a new approach to regulating SIPPs
For some time, I have expressed concerns about the current regulatory framework for SIPPs. They have existed for nearly 25 years and, for the majority of this time, were not specifically subject to FSA regulation, although the carrying out of certain activities led to some providers becoming authorised. But in 2007, the operation of SIPPs was regulated for the first time, largely as result of concerns about the implications of being able to hold residential property within SIPPs. Recent revelations and legal action involving some SIPP administrators and a number of other SIPP business...
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