A Sipps firm has raised concerns over the new capital adequacy rules published by the FCA.

The FCA has revealed new rules on capital adequacy for Sipp operators this morning which will come into effect in September 2016.

The volume of automated investment transactions through the ViaNova project has doubled as a direct result of auto-enrolment.

With recent questions about the investment allowed in Sipps and some regulatory concern, the idea of a return to a permitted or 'whitelist' of investments is gaining ground.

The sales of two types of Sipp offered by AXA Wealth have risen over the last year, the firm has reported.