SSAS member profiling 'leaves IFAs open to criticism'

The FSA has strong guidelines for individual SIPP investment profiling but this detail is lacking for SSAS members, who fall outside of the FSA’s regulation. PPS says without detailed profiling, many IFAs could find it difficult to keep up to date with SSAS clients' changing needs. Nigel Manley, head of self-invested pensions at PPS, says: "Why should SSAS members be treated any differently merely because their pension arrangements are under occupational rules and outside of the regulation of the FSA? “There’s a lack of ongoing attention to the portfolio. The portfolio gets established...