SIPPs: Providers split over final capital adequacy proposals

SIPP logoNearly two years after the original capital adequacy proposals the Financial Conduct Authority has now released their final rules. Most people agree the new rules are a ‘watered-down’ version of those first proposed:   Many SIPP providers, although not all will have to reserve far less capital than they originally thought UK commercial property, as well as other assets such as UK bank accounts, will now be treated as ‘standard assets’ The surcharge for taking in ‘non-standard’ assets will now be based on the number of SIPPs managed rather than the value of assets So ...

SIPPs: Providers split on whether investment choice should be restricted

Providers split on whether investment choice should be restrictedSelf-Invested Personal Pensions (SIPPs) are popular with investors mainly because of the investment flexibility they offer, compared to other forms of pension. However, regulators have warned that some investors, as well as unscrupulous advisers and salespeople, are taking advantage of this flexibility by taking out or selling investments, which may not meet HMRC rules and could therefore lead to unforeseen tax charges. One possible solution, to the problem of assessing whether an investment meets HMRC rules, and therefore avoid a tax penalty, would be ...

Guest blog: SIPP cash commissions should factor in capad

Guest Blog Liberty SIPP 150pxIn his first guest blog for Investment Sense, Matthew Rankine of Liberty SIPP, looks at the controversial subject of SIPP bank accounts and commissions paid to SIPP (Self-Invested Personal Pension) providers. Never before have SIPP cash commissions been more controversial, and hotly debated, than they are today. I was reading an article on IFA Online the other day on the commissions many SIPP providers take from the mandated current accounts of their clients. The perpetrators ...

In the Spotlight: Liberty

Spotlight LibertyIn the latest of our ‘In the Spotlight’ articles we catch up with Matthew Rankine, Technical Sales & Marketing Manager with SIPP provider Liberty. Investment Sense: Liberty have been around for five years now and are growing rapidly, but for those people who are perhaps unfamiliar with the name could you start by telling us a little more about Liberty? Matthew Rankine, Technical Sales & Marketing Manager, ...