Jury still out on SIPP providers - FCA's Andrew Bailey

Speaking at a Work and Pension Select Committee meeting on pension costs and transparency today (6 February), Bailey was asked if he was satisfied with the response from self-invested personal pension (SIPP) providers to a letter he personally sent regarding failures in the industry. Bailey responded by saying: "Honestly, the jury's still out. The message clearly hit home because we got some clear responses. But the jury's out in terms of practice." In October, Bailey wrote a letter to SIPP providers asking firms to consider the "potential implications" of the news the High Court had ...