Comment and Blogs
One of the big themes recently in all areas of business has been financial literacy and education, particularly in terms of bringing some degree of financial education to the school syllabus.
Read more: Mike Morrison: School incapable of teaching pensions and tax
I read John Moret’s article ‘End of era for Sipps world’ with interest the other week.
Read more: Morrison: End of era for Sipps world perhaps not a bad thing
The much-anticipated capital adequacy regime for SIPPs is finally upon us, and providers now have to get out their abacuses, and remove their shoes and socks, in order to undertake the calculations that will determine the requisite size of their capital reserves, underpinning the membership of their SIPP book of business and portfolio of assets.
Read more: James Jones-Tinsley: Sipp rule aims may be lost in translation
So, finally the Sipp industry will see the new capital adequacy rules come into force on 1 September 2016.
Read more: Mike Morrison: New Sipp rules open to provider interpretation
The FCA advised AMPS at the beginning of August that they had issued an alert highlighting some of the risks arising from authorised firms accepting business from unauthorised introducers and lead generators.
Read more: MacGillivray: FCA alert comes after horse has bolted
2016 has been another year of consolidation in the Sipp industry, this can be seen as good or bad depending on who you are and more importantly, where the Sipps end up.
Read more: Claire Trott: Sipp sales to just 1 or 2 big players is big concern