Treasury opts for sipp option three

In the consultation: Proposed changes to the eligibility rules for establishing a pension scheme, the Treasury set out four options for the regulation of pensions, including a do nothing option. Option three was the favoured choice of the Government and in its response, it says comments received from the industry have supported that decision, and as such the Government will be creating a new FSA regulated activity relating to personal pension schemes. This favoured option would allow “persons to establish registered pension schemes only if they have permission to carry on a regulated act...