In November last year, the FCA asked Sipp operators to complete a (long) questionnaire to help them with their third thematic review. Among the 40 or so data items requested was the amount of Assets Under Administration (AUA).
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.
A Sipps firm has raised concerns over the new capital adequacy rules published by the FCA.
There is likely to be a further delay to the Sipps capital adequacy consultation, the annual conference of AMPs - the providers' association - heard this week.
About four in ten advisers believe there could be fewer than 50 Sipp providers left in two years time.
The Financial Conduct Authority has stated that the policy statement for the Sipp capital adequacy reform will be issued at the end of the year.
Martin Tilley of Dentons Pensions believes the proposed capital adequacy ruling for Sipp firms could put larger firms at risk as well as small ones.
Liberty Sipp believes a firm's dependency on current account commissions should be factored into the new capital adequacy regime.
Financial advisers and providers are divided between the most important factors for choosing a Sipp firm.
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