The Financial Conduct Authority (FCA) has delayed the publication of new capital adequacy rules, which will affect SIPP providers and investors alike.
SIPP providers must retain certain levels of capital within their business, but there has been concern for some time that the current requirements are insufficient. Late last year, the Financial Services Authority (FSA) proposed large increases to the amount of capital
SIPP providers will need to retain and launched a consultation process.
New cap ad requirements for SIPP providers
If implemented, the new proposals would ...