SIPP firms should help with due-diligence - Moret

clock

Advisers should be given greater access to information on SIPP companies, to help them with due-diligence, according to Suffolk Life.

Launching its own due-diligence guide for advisers, which provides information on the firm's financial stability, procedures in the event of failure and details of HMRC compliance, the firm says more providers should be willing to impart this information to IFAs. Suffolk Life says unprecedented turmoil in financial markets means investors and their advisers are demanding greater transparency from providers. John Moret, director of marketing, says: "Investing in a SIPP is an important decision, and one that should have considerable longevity. It is therefore crucial that advisers and t...

To continue reading this article...

Join Professional Adviser for free

  • 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

Join

 

Already a Professional Adviser member?

Login

More on uncategorised

Building Society-owned Newcastle Financial Advisers acquires Openwork firm

First of a number of acquisitions

Hannah Godfrey
clock 09 December 2019 • 1 min read

Bond managers fear hedges being undermined as liquidity dries up

The recent sell off in the bond market and growing liquidity issues have forced bond investors to use similar hedging techniques, undermining their effectiveness and causing concerns about how much downside protection funds really have.

Anna Fedorova
clock 03 July 2013 •

Police launch investigation into mortgage middleman fined £1m

West Midlands Police have launched a fraud investigation into a Birmingham financier over his role in sale and rent back agreements.

clock 25 June 2013 •