SIPP provider due diligence 'more important than ever' - Dentons Pensions

Retirement Planner Forum 2019

Sophie King
clock • 1 min read

Carrying out due diligence on SIPP providers has become "more important than ever before" for advisers, Stephen McPhillips told delegates at the 2019 Retirement Planner Forum.

Speaking to the almost 100-strong audience this morning, the Dentons Pensions technical sales director (pictured) said there were several factors advisers should consider when going through their due-diligence process. Advisers needed to consider capital adequacy when working with a self invested personal pension (SIPP) provider, he said, as he reminded delegates all providers were required to hold a minimum level of capital. McPhillips also argued that, if a provider had large exposure to non-standard investments, then in theory they should hold a higher level of capital adequacy to ...

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