SIPP providers 'dragged thorough the dirt' following FSCS due diligence note

'The SIPP market is now clean and tidy'

Hannah Godfrey
Martin Tilley: “The worrying thing is that it’s going to encourage frivolous claims against SIPP providers.”

Martin Tilley: “The worrying thing is that it’s going to encourage frivolous claims against SIPP providers.”

The wording used in an FSCS note suggests SIPP providers are always at fault for investment problems and drags providers "through the dirt," according to Dentons director of technical services Martin Tilley.

Tilley took issue with language in a note issued by the Financial Services Compensation Scheme (FSCS) regarding self-invested personal pension (SIPP) administrators being placed in default, as it appeared...

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