Claire Trott, pensions technical manager at Suffolk Life, examines the capital adequacy due diligence advisers need to conduct on SIPP providers.
Changes to the capital adequacy requirements for self-invested personal pension (SIPP) providers have dominated the industry in recent months, with particular focus on what these changes will mean for the future of SIPP providers. Will the long anticipated consolidation happen in the market? Will there be a reduction in the investments that providers will accept in their SIPPs? Will the amount of capital held affect an adviser's choice of provider? Undertaking due diligence on a SIPP provider can be subjective. It will depend on the type of clients an adviser has but, fundamentally, h...
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