FCA rules out ban on unregulated or non-standard SIPP investments
Non-standard investments account for 2% of SIPP AUM
Megan Butler: We believe suitable advice from financial advisers accompanies with effective due diligence checks by SIPP operators is a more proportionate way or preventing harm to consumers rather than imposing a ban.”
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...
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