SIPP market needs new regulatory framework - Moret

Speaking at the AMPS conference Moret said the wave of SIPP regulation in recent years meant the current framework is not fit for purpose. "SIPPs need their own regulatory framework - not a hotchpotch of rules which don't adequately reflect the way SIPPs work and are unnecessarily complex," he said. "These things have been done in a hurry and have been shoehorned into existing regulation." Moret's five point plan for regulatory reform includes: • The reintroduction of a permitted list of SIPP investments • A requirement that all SIPP operators submit a business plan which includes...