Moret warns of Sipp regulation issues

Speaking at a “Pension Evolution” conference, John Moret, director of sales and marketing at Suffolk Life, warned the full impact of Sipp regulation “has yet to be felt”, and suggested some existing operators had not given “sufficient consideration” to the impact of the new rules. Moret says: “While the new regime has potentially opened up the marketplace to new operators there is little evidence of this having occurred to date." Instead he says the new regime - which is based on the “package product” model - "appears to have encouraged some traditional life companies to market Sipps ...