SIPP disclosure changes could disrupt RDR execution - Aegon

Jenna Towler
clock

Self-invested personal pension (SIPP) disclosure changes should be deferred for at least a year to avoid disrupting implementation of the Retail Distribution Review (RDR), Aegon has warned.

The provider said it broadly supports the planned changes by the Financial Services Authority (FSA), which would bring non-insured SIPP assets into the key features illustration disclosure regime. But warned the same systems are already being amended to reflect RDR requirements. It said, in particular, complex changes are being made to key features Illustrations and yearly statements to show the effect of adviser and consultancy charges Aegon said adding another layer of changes for implementation by the end of the year would create "major practical challenges and significant implemen...

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

Pension consolidation deserves more respect than it gets

Pension consolidation deserves more respect than it gets

'For me, pension consolidation is a perfect illustration of why financial planning matters'

Andy Zanelli
clock 19 February 2026 • 5 min read
Divorce, pensions and professional collaboration in the HNW world

Divorce, pensions and professional collaboration in the HNW world

'Beware the attraction of the simple solution'

Richard Kershaw
clock 16 February 2026 • 3 min read
A century of the state pension – and why the next redesign is overdue

A century of the state pension – and why the next redesign is overdue

'A pension promise only works if contributors believe it is fair and durable'

Adam Cole
clock 16 February 2026 • 4 min read