SIPPs: Is the door slowly closing on deposit accounts in SIPPs?

SIPPs: Is the door slowly closing on deposit accounts in SIPPs?It often takes time for the unintended consequences of new rules to be fully understood. This is certainly true of the latest Policy Statement from the Financial Conduct Authority entitled “A new capital framework for Self-Invested Personal Pension (SIPP) Operators”, also known as PS14/12 for short. If you work in the SIPP industry you will already be very familiar with this document. If you are a SIPP investor we’d happily place a bet that you probably haven’t heard of PS14/12, definitely not ...

SIPPs: FCA announce final rules – victory on commercial property, but higher fees for some SIPP investors?

FailedIt’s been nearly two years since the Financial Services Authority (FSA) issued a paper proposing new regulatory capital requirements for SIPP (Self-Invested Personal Pension) providers. Since then we’ve had a prolonged period of consultation, numerous delays, a change in regulator and much debate over how the proposals will affect both SIPP providers and members. However, the Financial Conduct Authority (FCA) has now released the final rules and confirmed they will come into effect from 1st September 2016....

SIPPs: How can you calculate and compare SIPP fees? Not easily!

iStock_000017861768XSmallIn his latest Guest Blog for us, Martin Tilley of Dentons Pensions suggested that over the coming months SIPP (Self-Invested Personal Pension) providers will soon be left to compete on just two key battlegrounds; service and charges. As our SIPP Chat feature shows, many SIPP providers offer an excellent service. Although some of the recent reviews show others are getting things seriously wrong. Martin’s piece on service is excellent and we’d urge all SIPP investors, Independent Financial Advisers and dare we say it, a few SIPP providers, to take a ...

SIPPs: Thinking of transferring to a new SIPP? 7 things you must consider

iStock_000012131139XSmallThe pace of change in the SIPP (Self-Invested Personal Pension) market can leave you feeling breathless. So far this year we’ve seen one SIPP provider freeze their fees for the next two two years (Liberty), another impose limits on commercial property purchase (Hornbuckle Mitchell), whilst a third has hiked fees for property purchase (Friends Life). At the same time, execution only SIPPs, Hargreaves Landsown, Best Invest and so on, have announced new charging structures following the ...