The self-invested personal pension (SIPP) market is in a ‘Mexican stand-off' situation with the regulator as it awaits capital adequacy regulation and the outcome of the third thematic review, a provider has said.
Barnett Waddingham head of business development, SIPPs Andy Leggett said waiting for the final word on capital adequacy - which could be released by the Financial Conduct Authority (FCA) before the end of the month - meant the industry was "not moving" at present. He said mergers and acquisitions had also practically halted due to the regulatory waiting game. Leggett (pictured) said the third SIPP industry thematic review was focusing on unregulated investments and how to better protect investors. However, he added: "Concerning cases have been very isolated. The number of investors...
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