SIPPs: Is your SIPP provider about to cut your investment options?

Is your SIPP provider about to cut your investment optionsA clue to the attraction of a Self-Invested Personal Pension (SIPP) is in the name; self-investment, which allows investors to have a wider choice, greater flexibility and more control. Until now perhaps. Many of the reasons investors are attracted to SIPPs could be seriously undermined if a recent trend towards more restrictive investment choices continues. What’s changing? Many SIPP providers, although not all, are restricting the types of investments whey will allow members to hold within their SIPP....

SIPPs: Unregulated and unsuitable investments push up SIPP complaints

Complaint formThe number of complaints received by the Financial Ombudsman Service (FOS) in relation to Self-Invested Personal Pensions (SIPPs) has leapt by nearly 50% over the past year. According to figures published in the Sunday Times, the number of complaints received by the Ombudsman, up to 31st March 2014, relating to SIPPs, has risen from 697 to 1,036. Unsuitable investments Need advice on your SIPP?...

SIPPs: Concern mounts over Harlequin Property

Update Harlequin 150pxAmid mounting concern over Harlequin Property, the FSA (Financial Services Authority) has written to SIPP providers asking them to confirm the exposure to the scheme within their SIPPs (Self Invested Personal Pensions). As part of their “on-going supervisory work into financial advisers” the FSA has asked SIPP providers to confirm the extent of their exposure within five working days. A number of SIPP providers, including Suffolk Life, Liberty, Talbot & Muir and LV= were quick to take to the social networking site, ...

SIPPs: FSA warns on overseas property investments

FSA warns on overseas property investmentsThe FSA has issued two warnings to advisers and investors highlighting the dangers of overseas property and wider unregulated investments. In a separate alert to financial advisers the regulator also took the unusual step of naming one particular unregulated investment scheme. SIPPs and unregulated investments In the first warning the FSA highlighted their concerns over some financial advisers recommending SIPPs (Self Invested Personal Pensions) to investors who then planned to buy unregulated investments ...