Sipps 'face fresh challenges' - Defaqto

The study, entitled Sipps in the UK – Let battle commence, suggests the extra pressures on providers of the self-invested products could force some of them out of the market. It also concludes the dominant position of specialist sipp administrator and trustee companies is being challenged, both by insurance companies, stockbrokers and investment managers. New regulation of personal pensions – for the first time including sipps - came into force on April 6. It means operating the sipp wrapper becomes a FSA-regulated activity, so the scheme administrator becomes the provider, rather than t...