Regulation 'unlikely' to shift pensions market share

Details of last Wednesday’s Budget confirmed the Treasury intends to extend the sale of pension products such as self-invested personal pensions (sipps) to be covered by FSA regulation, along with any other pension tax-wrapper products held within established pension schemes. More importantly, the key change is the creation of a level playing field between asset management firms, wrap platforms and fund supermarkets - who were, until now, unable to provide consumers with pension-based products - and life insurance companies, co-operatives and banks. Both the Investment Management Associat...