FCA rules out ban on unregulated or non-standard SIPP investments

Non-standard investments account for 2% of SIPP AUM

Hannah Godfrey
clock • 1 min read

The Financial Conduct Authority (FCA) has revealed it is concerned about non-standard investments in self-invested personal pensions (SIPP) but has no plans to ban them.

In a letter to Work and Pensions Committee chair Frank Field, FCA executive director of supervision Megan Butler (pictured) said while the FCA is worried self-invested pension savers are a potential target for scams, it has no plans to bar unregulated or non-standard investments from inclusion in SIPPs. Butler said there are about £5.97bn of non-standard assets in SIPPs as of September 2017. She said this made up approximately 2% of the total £300.21bn of assets under management within the largest contract-based SIPP operators. Butler said: "We are not currently considering barring...

To continue reading this article...

Join Professional Adviser for free

  • Unlimited access to real-time news, industry insights and market intelligence
  • Stay ahead of the curve with spotlights on emerging trends and technologies
  • Receive breaking news stories straight to your inbox in the daily newsletters
  • Make smart business decisions with the latest developments in regulation, investing retirement and protection
  • Members-only access to the editor’s weekly Friday commentary
  • Be the first to hear about our events and awards programmes

Join

 

Already a Professional Adviser member?

Login

More on Pensions

Why documentation is king in the world of SSAS

Why documentation is king in the world of SSAS

'SSAS documentation - it isn't just best practice or a fiduciary requirement'

Caitlin Southall
clock 04 July 2025 • 4 min read
Steve Webb: Sceptical advisers should not give up on pensions dashboard

Steve Webb: Sceptical advisers should not give up on pensions dashboard

‘A big mistake to underestimate the impact it will have’

Jenna Brown
clock 03 July 2025 • 3 min read
What role can advisers play in closing the gender pension gap?

What role can advisers play in closing the gender pension gap?

Advisers are uniquely placed to influence the gender pension gap

Olivia Perry
clock 02 July 2025 • 7 min read