Self invested personal pensions providers need to guard against over enthusiasm or risk leaving themselves open to mis-selling and negligence, city law firm Reynolds Porter Chamberlain (RPC) has warned.
Charles Suchett-Kaye, partner at RPC, says: "The excitement surrounding the new rules means there is a real risk that individuals will make incorrect investment decisions. In such cases it is always likely that they will look to blame their advisers for any financial loss that results." "Those at risk of mis-selling and negligence claims include professional trustees of Sipps, Sipp scheme providers, administrators and financial advisers who recommend Sipps to their clients or who advise on investments within them." "Given the level of anticipation about the new pension regime, these adv...
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