Could SSAS be the winner in the SIPP cap ad saga?

The Financial Conduct Authority’s (FCA’s) final rules on capital adequacy for self-invested personal pension (SIPP) providers are due early in the third quarter. The market is already changing in anticipation, with big players buying up smaller outfits like hot cakes and other companies retaining their core business but offloading their SIPP arms. The FCA thinks the number of operators (110 currently) could drop to something like 18 when details of the rules are announced and enforced. Whether the reduction is as dramatic as that remains to be seen but SIPPs’ less favoured ‘cousin’...