FSA review to investigate SIPPs

clock

Around 70 smaller SIPP firms are the subject of a thematic review by the FSA, it has been revealed today.

The regulator says it want to assess any general problems SIPP firms may be having with regulatory issues and provide feedback on the industry's progress. SIPPs were first regulated in April 2007, and the FSA says its thematic review is part of the normal process for newly regulated sectors. The FSA is visiting 70 smaller SIPP firms as part of the review, and will also be taking feedback from larger firms' relationship managers. An FSA spokesman says: "We are taking a look at firms to see how they're getting to grips with being regulated, and to identify any issues that may exist." ...

To continue reading this article...

Join Professional Adviser for free

  • Unlimited access to real-time news, industry insights and market intelligence
  • Stay ahead of the curve with spotlights on emerging trends and technologies
  • Receive breaking news stories straight to your inbox in the daily newsletters
  • Make smart business decisions with the latest developments in regulation, investing retirement and protection
  • Members-only access to the editor’s weekly Friday commentary
  • Be the first to hear about our events and awards programmes

Join

 

Already a Professional Adviser member?

Login

More on Pensions

Legacy pensions tech creates 'enormous risk, costs too much and underserves clients'

Legacy pensions tech creates 'enormous risk, costs too much and underserves clients'

'Our industry is famous for thinking in decades, but customers will not wait that long'

Jonathan Hawkins
clock 10 February 2026 • 4 min read
Govt moves to tackle gender pension gap with LPGS scheme changes

Govt moves to tackle gender pension gap with LPGS scheme changes

Reforms follow consultation on access and fairness in the Local Government Pension Scheme

Jonathan Stapleton
clock 03 February 2026 • 2 min read
Government again rejects Waspi compensation after review

Government again rejects Waspi compensation after review

DWP: Creation of compensation scheme would be ‘highly impractical’ and ‘time-consuming’

Martin Richmond
clock 29 January 2026 • 3 min read