Mattioli Woods: FSA capital requirements will spur SIPP consolidation

Bob Woods of the specialist pensions consultancy and wealth management business said such an environment would present buying opportunities for the firm. "I believe the significant increases some SIPP operators would see in their regulatory capital requirement under the FSA's proposals would drive further consolidation in the market, presenting us with new acquisition opportunities," he said in a stock exchange announcement today. The FSA is consulting on hiking SIPP providers' capital adequacy levels from a minimum of £5,000 to £20,000. It also wants to take the provider's assets ...