Ban unregulated SIPP investments and pension introducers, say advisers

‘Want the regulator to take action’

Ayesha Venkataraman
clock • 2 min read

Most advisers have called for a ban on both unregulated investments in SIPPs and unregulated pension introducers, according to the results of the latest survey by CoreData Research.

The survey found that more than seven in 10 advisers (71%) think the FCA should ban unregulated investments in self-invested personal pensions (SIPP) and that nearly nine in 10 (86%) want the regulator to ban unregulated pension introducers. That result is even higher amongst mass market advisers, with 77% of those wanting unregulated investments to be banned and 94% call for a ban on unregulated introducers. The survey of 350 UK financial advisers was conducted in September last year, and saw advisers taking a harder stance on high-risk SIPP investments, given that only 40% of advise...

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