AMPS

SIPP providers say they have serious doubts about whether the FSA's proposals to force them to produce more literature and increase charging disclosure will benefit pension clients.

The past year has been a turbulent one for the SIPP market with much confusion as to the responsibilities being placed on advisers and providers. According to Billy Mackay the time has come to bring clarification to the market

David Phillips provides valuable clarification regarding SIPP provider responsibilities

The ABI and Association of Member-directed Pension Schemes (AMPS) have published a guide to help SIPP providers communicate more effectively with customers and their advisers.

Rowanmoor Pensions has confirmed it will still offer in-specie transfers on property into SIPPs and SSASs, provided a recent independent valuation has been obtained.

Industry officials say a contributory factor to the Treasury's withdrawal of tax relief on residential property in sipps could be because launch of the computer system to monitor such investments was at least six months behind schedule.