Playing the SIPP waiting game

SIPPS

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With the FCA announcing the postponement of its policy statement on SIPP capital adequacy requirements, Barnett Waddingham's Andy Leggett assesses the current state of play.

We learned recently that the Serious Fraud Office (SFO) is investigating two cases of fraudulent investments, with the suspicion that much of the money invested has been via SIPPs. What should we make of that? While on one level it is obviously bad news and there is a risk of it tarnishing the name of self-invested personal pensions (SIPPs), I also see a lot of good in the news – and a lot of further potential good in it, too. Arguably, the key thing that concerned the Financial Services Authority (FSA) about the SIPP industry was the explosion that happened in certain sorts of non-st...

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