FCA again reminds SIPP providers of regulatory obligations

Nearly a year ago, FCA chief executive Andrew Bailey (pictured) wrote to CEOs of self-invested personal pension (SIPP) firms to remind them of their regulatory commitments following the outcome of the Berkeley Burke case, which it lost in October 2018. Following Friday's (4 October) news that Berkeley Burke SIPP Administration's administrators had blocked the firm's upcoming Court of Appeal hearing, the FCA restated its position. An update on the regulator's website said: "We reiterate that if the outcome of this case calls into question a SIPP operator's ability to meet financial com...