Incoming SIPP capital adequacy rules have heightened due diligence calls on providers. But, as Mark Canning explains, capital held is just one important factor to consider
As September approaches self-invested personal pension (SIPP) providers are getting their houses in order. Many have announced that they already meet the regulator's new capital adequacy regulations (which come into force on 1 September) but, even with all this good news, I suspect the number of due diligence requests will continue. This level of scrutiny is great news for the SIPP market, but it's important we inspect more than just the capital held. Having spent a number of years (in a former life) being responsible for assessing provider propositions and financial strength, I feel...
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