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The FCA has warned pension scheme operators over failing to identify non-standard assets.
Final salary pensions are at risk, due to the ‘new normal’ of a sluggish economy and low returns.
More than one in five people with multiple pensions has lost track of one or all of them.
A Sipp provider has re-affirmed its commitment to offering non-standard investments despite James Hay banning NSIs for new customers.
An extra £36m Sipp-related bill for advisers has sparked calls to bring back a permitted investments list.
Advisers categorised as pensions and life intermediaries face paying an extra £36m to the FSCS next year due to rising cost of Sipps.
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