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: 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....

Guest Blog: Why the latest FOS ruling isn’t a ‘game changer’ for SIPP providers

Guest Blog AJ Bell 150pxIn his first Guest Blog for Investment Sense Gareth James, Technical Resources Manager at AJ Bell, looks at the latest ruling from the Financial Ombudsman Service, which has divided the Self-Invested Pension industry. It was with a slight sense of trepidation that I took on Investment Sense’s invitation to consider whether the Financial Ombudsman Service’s decision to uphold a complaint in respect of a Sustainable AgroEnergy investment could be described as a game-changer for the SIPP industry. It is worth considering what the term game changer means. ...

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 ...