Blog: 'They don't understand the property side of SIPPs'

The self-invested personal pension (SIPP) industry welcomed the Financial Conduct Authority's (FCA) proposed changes to the capital adequacy rules recently announced. This follows the consultation in November 2012 - CP12/33 and in August 2014 - PS14/12. The rules will come into force on 1 September 2016 and as we know will require firms to calculate their capital requirements in relation to their assets under administration along with an additional capital surcharge for firms that administer non-standard assets. There was uproar when these were first announced and the FCA received ...