Charging concerns prompt SIPPs warning

In its latest adviser newslatter, the regulator says it recently undertook a thematic retirement review project to assess pensions tax simplification. It says the findings showed “some potential concerns with SIPPs advice”, as many contributions came from existing pension contracts and occupational schemes being consolidated into a SIPP arrangement. “Our review highlighted the potential risk that SIPP recommendations may be based on access to a broader range of packaged investment funds than under their previous arrangements, rather than because the SIPP provides self-selection of actual ...