As the FSA admits its programme of SIPP regulation is a ‘work in progress', one expert is hoping the outcome will finally end ambiguity in the market.
Recent surveys indicate there are close to a million investors holding self-invested personal pensions (SIPPs), with total assets in excess of £100bn. And while the vast majority of these pensions are run and invested properly and professionally, the Financial Services Authority (FSA) is set to further regulate the area to cut back any bad practice. FSA consulting The regulator is consulting on changes to the disclosure regime for SIPPs and also intends to consult on capital adequacy requirements for providers. When asked about the progress of the plans at a recent Association of...
To continue reading this article...
Join Professional Adviser for free
Signup and gain exclusive members-only insights
- 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
