SIPP regulation may consolidate

Nigel Manley, head of self-invested pensions at Premier Pension Services, which is a division of the Jardine Lloyd Thompson Employee Benefit Group, said it was right for the FSA to regulate as many client assets were tied up in unregulated vehicles. However, he expected the change, which will come into force next April, will have a significant impact on the SIPP and Small Self-Administered Scheme (SSAS) market. Manley said: “Already in the SSAS trustee market there are many companies who are not wishing to assume scheme administrator role so they are hardly going to relish full regulati...