SIPPs: Industry body raises concern over “consumer harm”

SIPPs Industry body raises concern over consumer harmThe trade body for the self-invested pension industry, the Association of Member Directed Pension Schemes (AMPS), revealed their response to the Financial Services Authority’s (FSA) capital adequacy paper this week and has admitted concerns that if the proposals are implemented without change they could actually be harmful to consumers; the exact opposite of the FSA’s intention. FSA consultation paper The consultation paper, CP12/33, was published by the FSA late last year, with proposals designed to ...