Will SSAS become the new favourite for risk-takers?

The FSA is cracking down on unsuitable investments in SIPPs, but SSAS could be the new target for unscrupulous salesmen. Rachel Dalton reports.

clock

The FSA is cracking down on unsuitable investments in SIPPs, but SSAS could be the new target for unscrupulous salesmen.

In 2011 there was growing concern over the use of self-invested personal pensions (SIPPs) to push high risk investments onto unsuitable clients. The Financial Services Authority (FSA) has taken action. The future for SIPPs will be one where providers must take more responsibility for the investments it permits in its schemes, have greater capital adequacy, and provide better information to clients. It will become a costlier but safer business. But will this simply push the sale of high risk investments into small self-administered schemes (SSAS)? The crackdown The FSA has taken s...

To continue reading this article...

Join Professional Adviser for free

  • Unlimited access to real-time news, industry insights and market intelligence
  • Stay ahead of the curve with spotlights on emerging trends and technologies
  • Receive breaking news stories straight to your inbox in the daily newsletters
  • Make smart business decisions with the latest developments in regulation, investing retirement and protection
  • Members-only access to the editor’s weekly Friday commentary
  • Be the first to hear about our events and awards programmes

Join

 

Already a Professional Adviser member?

Login

More on Investment

How Trump has strengthened the case for on-the-ground investing in Asia

How Trump has strengthened the case for on-the-ground investing in Asia

It is possible to find potentially 'Trump-proof' stocks throughout the region

Gabriel Sacks
clock 13 March 2025 • 4 min read
Partner Insight: Smoothing the client investment journey to and through retirement

Partner Insight: Smoothing the client investment journey to and through retirement

There are multifaceted challenges that can impact a pension portfolio’s performance and a client’s investment mindset. Smoothed funds offer a potential solution, says Claire Altman, managing director for Individual Retirement Solutions at Standard Life.

Sarka Halas
clock 12 March 2025 • 3 min read
Aberdeen looks to merge two MyFolio fund ranges

Aberdeen looks to merge two MyFolio fund ranges

MyFolio Market and MyFolio index to be combined

Sorin Dojan
clock 11 March 2025 • 2 min read