The Financial Conduct Authority (FCA) has confirmed its response to the self-invested personal pension (SIPP) provider capital adequacy consultation will be delayed until the third quarter of the year.
Speaking at the Association of Member-Directed Pension Schemes (AMPS) annual conference, Nick Poyntz-Wright also confirmed the outcome of the ongoing thematic review would also be released in Q3. Elsewhere he said the regulator was considering the classification of commercial property in SIPPs and was considering phasing the introduction of new capital adequacy rules. AMPS chairman Neil MacGillivray (pictured) said: “Although disappointed at the further delay to the capital adequacy consultation paper, we are reassured that two of AMPS key concerns are being addressed. If the aim is to...
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