A new capital framework for SIPP operators and a call to action from the regulator

Article contents:

  1. A new capital framework for SIPP operators
  2. SIPP professionals hit from all sides: regulator, tribunal and ailing IFAs

A new capital framework for SIPP operators

The Financial Conduct Authority has finally published its Policy Statement (PS14/12) on a new capital framework for SIPP operators, following a consultation starting in November 2012. The principles and framework of the increased capital requirements remain unchanged from the initial 2012 proposals, but FCA was persuaded by responses to the consultation paper to make some important changes. Read our full report on this here.

SIPP professionals hit from all sides: regulator, tribunal and ailing IFAs

The Financial Conduct Authority (FCA) has written to CEOs of SIPP operators in a ‘call to action’. The regulator says the issues about which it raised concerns in its October 2013 Thematic Review remain and SIPP operators are not playing their part in preventing scams and pension fraud. Read our full report on this here.

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