Frustrated advisers say SIPP due diligence 'not difficult'

Proper SIPP due diligence is a straightforward task, say frustrated advisers

Carmen Reichman

Due diligence on self-invested personal pension (SIPP) transfers is a straightforward task that should not be incurring the wrath of the regulator, advisers say.

The Financial Conduct Authority (FCA) is warning advisers - not for the first time this year - about complying with its rules on pension transfers to SIPPs. It said it had found widespread "serious...

To continue reading this article...

Join Professional Adviser


  • 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.



Already a Professional Adviser member?


More on Pensions

Regulators TPR and FCA to develop common VfM measurements

Regulators TPR and FCA to develop common VfM measurements

Greater transparency to deliver more secure retirements

Holly Roach
clock 24 May 2022 • 2 min read
"HMRC's statistics continue to provide useful snapshots of the personal pension world, although I suspect there are some more unusual figures to come as we get a full picture of how things changed over the last couple of years." - Jessica List

Jessica List: Painting pensions by numbers

HMRC recently released a range of statistics relating to personal and stakeholder pensions. Below Jessica List summarises the highlights and what they may mean for advisers’ clients...

Jessica List
clock 24 May 2022 • 4 min read
NHS pension scheme reissuing statements after 2,800 errors

NHS pension scheme reissuing statements after 2,800 errors

Incorrect statements issued

clock 19 May 2022 • 2 min read