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. ...