SIPPs and ETFs in sights of new consumer risk body

The body aims to identify "any risks with the potential to turn into widespread problems for financial services consumers" and to determine prompt and effective ways of dealing with them. In the minutes of a pilot meeting chaired by Sheila Nicoll, the FSA's director of Conduct Policy, the Committee highlights potential risks to consumers posed by a lack of knowledge of the cost of SIPPS compared to alternative products. It also questions whether advisers are adequately matching the underlying investments of SIPPs with clients' attitude to risk. ETFs and other exchange traded produc...