SIPP regulation has improved transparency - advisers

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Half of advisers believe charging transparency has improved since SIPPs became regulated, according to research by Skandia.

Skandia says the results show April’s SIPPs regulation has provided the industry with the transparency it demands. The survey also shows 43% say client confidence in SIPPs has improved while 52% have not seen a change. A total of 44% say the ability to compare SIPPs to other types of pension has not improved while 47% believe it has. However, regulation has come at a cost for some advisers. Almost a third says that the amount of time spent on compliance and administration has worsened under the new regime. A total of 90% count the level of control over investment strategy as impor...

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