Guest blog: Are you being served?

Guest Blog Dentons 150pxIn his latest guest blog for Investment Sense, Martin Tilley, Director of Technical Services at Dentons looks at the growing issue of poor service from SIPP providers: Those of us that are advancing in years will remember the 1970/80s situation comedy set in the fictitious Grace Brothers store where the likes of Mr Humphries and Mrs Slocombe would fawn around their customers providing the age old traditional British customer service....

SIPPs: New capital adequacy rules to decimate the SIPP market?

iStock_000003051325XSmallThere is growing concern that continuous regulatory change, including the FSA’s recent proposals to increase the amount of capital SIPP (Self-Invested Personal Pension) providers must hold, will force large numbers out of business. Commenting in the latest Money Management SIPP survey, one leading SIPP provider has said that up to 80% of SIPP providers could disappear through a combination of mergers, takeovers or exists from the market. Speaking to FT Adviser, Chris Smeanton, Head of Product Development at James Hay, said: ...

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. ...