SIPP disclosure - getting the balance right

The Association of Member-Directed Pension Scheme (AMPS) said the watchdog had ‘wildly underestimated’ the potential costs of implementing the proposed rules. It also questioned whether the plans would benefit consumers in the long term. The SIPP provider trade body urged the FSA to do proper research into what consumers would be prepared to pay for more information, and what they actually want from SIPP disclosure. And a poll of its members revealed just 6% believed consumers would actively want a multi-page key illustrations document anyway.  AMPS chairman Andrew Roberts likened th...