Why reliable SIPP administration matters more than ever

Over the next few years pensions are facing a packed agenda of regulatory and legislative change, from introducing inheritance tax on unused funds, new disclosure rules and a new Value for Money framework. In the middle of all this, the Financial Conduct Authority has almost sneaked in another consultation paper, which could have important implications for advisers, their clients and SIPP providers The FCA wants to strengthen consumer protection after finding weaknesses at some firms, including poor due diligence, weak controls over trustee bank accounts and patchy record keeping. One...