Changes are coming to SIPP illustrations in the name of greater disclosure and aiding consumer decision-making. Andy Leggett examines some of the issues
Illustrations and related matters have been much consulted on. If advisers haven’t read all the relevant FSA papers, the changes can be simply summarised: all SIPP operators will have to provide illustrations in all circumstances, assuming lower rates of growth and providing a greater level of disclosure within the documents. The changes take effect from 6 April 2013. At a headline level, it’s hard to find much cause for concern. As ever though, the devil is in the detail. We need to look at some of those details but the biggest concern is not being able to see the wood for the trees. ...
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
