It is a "no-brainer" to re-introduce permitted investment lists for SIPPs to protect consumers and take pressure off of the FSCS, according to Prudential head of business development Vince Smith-Hughes.
Permitted investment lists used to be a feature of self-invested personal pensions (SIPPs) but were scrapped in 2006 when pension simplification rules were introduced. According to Smith-Hughes (pictured),...
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