FCA: SIPP market still poses risk to consumers

The regulator also reiterated it would take enforcement action against providers "who do not have the interests of consumers at heart". A spokesman said the review, which echoes the ground covered by 2012's previous thematic review, would look at three areas: operators financial resources, quality of the business SIPP operators allow in their schemes, and operational procedures and controls. The FCA contacted SIPP providers by email yesterday. The spokesman said: "We were quite strong in the email we sent out. "We said that we have done a review already but we found that there c...