Comment and Blogs
The FCA advised AMPS at the beginning of August that they had issued an alert highlighting some of the risks arising from authorised firms accepting business from unauthorised introducers and lead generators.
Read more: MacGillivray: FCA alert comes after horse has bolted
So, finally the Sipp industry will see the new capital adequacy rules come into force on 1 September 2016.
Read more: Mike Morrison: New Sipp rules open to provider interpretation
2016 has been another year of consolidation in the Sipp industry, this can be seen as good or bad depending on who you are and more importantly, where the Sipps end up.
Read more: Claire Trott: Sipp sales to just 1 or 2 big players is big concern
Who could have predicted the political machinations that have unfolded since the UK narrowly voted ‘Leave’ on June 23rd, with more sackings and resignations in the last three weeks, than during a normal week at Leeds United.
After reflecting on developments in the SIPP market over the last few weeks I’ve concluded that it’s definitely a case of out with the old and in with the new.
Auto-enrolment is now entering a critical phase, with approximately 1.8 million small and micro-employers attaining their ‘Staging Date’ during this year and next.
Read more: Jones-Tinsley: These people can forget the workplace pension