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.
Sipp providers that still accept non-standard investments will exit the market or will have to raise fees in future, a Sipp firm director has suggested.
Sipp specialists say there is still an appetite and a place for non-standard investments, after James Hay banned them for new customers.
The industry body representing Sipp and SSAS providers has handed out a trio of Honorary Lifetime Memberships.