Industry call for SIPPs to be regulated now

Moret, director of sales and marketing at SIPP specialist Suffolk Life, highlights a recent survey on SIPP providers, finding half of the respondents are currently unregulated. Speaking this week at the Westminster & City conference, he says: “The survey responses suggest that the current regulatory framework for SIPPs is at best confusing and at worst a shambles.” Moret says the major interest being shown in SIPPs and the projected growth in this market means it is important to immediately put into place a regime that will provide the right level of protection for SIPP investors upon...