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Changes to the capital adequacy formula, which were announced this week, have been described as 'odd' by a Sipp provider.

The Association of Member-Directed Pension Schemes has declared it has "serious issues" with aspects of the new capital adequacy rules.

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

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

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.

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