FSA may extend SIPP disclosure plans to cover all schemes

In February 2011, the FSA proposed that SIPPs should no longer be exempt from disclosure requirements, replacing this with an exemption for schemes which hold commercial property, commodity investments, synthetic exchange traded funds or shares. However, after a backlash from the industry, the regulator said it would revise its proposals and re-consult this year. Now, in a quarterly consultation paper, the FSA proposes to require all personal pension schemes, including SIPPs, to produce disclosure documents that include projections, effect-of-charges tables and reduction in yield info...