The regulator has a keen eye on the due diligence advisers do when transferring investments into self-invested personal pensions (SIPPs). To help them navigate the arena, Hornbuckle Mitchell, the provider of SIPPs and small self-administered schemes (SSASs), has compiled six secrets to choosing the right provider.
1. Heritage Experience is crucial when it comes to picking a provider. Ensuring that your provider has a deep understanding and proven knowledge of the market will give you peace of mind. 2. Capital adequacy You need to be absolutely sure that the provider you choose will survive the regulatory changes and be in existence for the duration of your retirement so looking at their financial strength is essential. We believe the proposed capital adequacy rules are absolutely right for the industry and protection of consumers. SIPP providers should be more than capable of meeting those...
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