Dunstan Thomas has published a business guide for pensions advisers wanting to take advantage of the A-Day and Regulation Day changes.
The 24-page guide, available to download from the firm’s website, is designed to provide an in-depth snapshot on the view and progress of both advisers and providers serving the SIPP Market.
And Dunstan Thomas says regulation is hastening a massive change in the SIPP market and warns it could have wider implications for the whole pensions market as SIPPs become more mainstream.
As a result it says the guide explores the likely impact of regulation on the SIPP market and looks at what this may mean for providers, administrators and adviser firms, and it suggests IFAs and other intermediary firms should focus on the section highlighting what front office tools need to be available to better support financial advice around SIPPs.
Christopher Read, chairman of Dunstan Thomas and author of the guide, says the document provides an opportunity for both senior managers involved in helping their firms comply with the new regulation, and those trying to take advantage of the market, to step back and look at the views of the industry as a whole.
And he adds the guide may help them to “benchmark where they are in areas like wraps, SIPP product development, administration system augmentation and rolling out more modern adviser tools like stochastics-based illustrations.”
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