SIPPs: FSA asks advisers to whistle blow on SIPP providers

FSA asks advisers to whistle blow on SIPP providersFollowing the alert issued last week by the Financial Services Authority (FSA) regarding advisers recommending SIPPs (Self Invested Personal Pension), to consumers who will use them to purchase unregulated investments, the regulator has now asked both advisers and SIPP providers to whistle blow on other SIPP providers, who might be facilitating transfers into self-invested pensions with a view to making unregulated investments. In the ...

SIPPs: Leading SIPP provider calls for action to prevent investment losses

One of the leading SIPP providers in the UK has called for action to be taken to prevent investors losing money in risky or even fraudulent investment schemes. In comments made to FT Adviser , an industry publication, AJ Bell, which runs the popular Sippcentre and Sippdeal SIPPs has suggested that the FSA (Financial Services Authority) and HMRC should consider moving back to a system of listing permitted investments for SIPPs (Self Invested Personal Pensions). Permitted list of SIPP investments Prior to April 2006 a permitted list of investments which SIPP providers could consider was in place. ...