Moret: FCA's third SIPP review looking to force out small players

Moret (pictured), also known in the industry as 'Mr Sipp', suggested the new Financial Conduct Authority (FCA) review, which is the third of its kind since the industry became regulated in 2007, could be the "straw that breaks the camel's back" due to the associated cost. He also suggested the regulator would be more comfortable with a SIPP market that contained fewer, larger players. He said: "My overriding concern about this is that this is the third time they've done a review of SIPP operators. The cost to SIPP operators of a review like this is not insignificant and I just wonder ...