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Displaying items by tag: FSA

Thursday, 28 April 2016 11:57

John Moret: Big isn’t always the best

Earlier this week I spoke at a TISA seminar on Mastertrusts. I was a bit of an interloper – Mastertrusts are certainly not my specialist subject – but I was asked to talk about lessons to be learnt from the Sipp market.

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Back in 2001 - when we almost succeeded with a MBO of the Sipp provider I was running (Personal Pension Management Ltd long since defunct) – I was questioned by the VC who was backing us about the sustainability of the interest “turn” that we derived from the pooling of bank accounts.

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I guess by now I shouldn’t be surprised at anything that emerges from the regulator on the subject of Sipps. There have been numerous well documented failures in the advice regime governing Sipps that it’s hard to believe that worse could follow.

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Sipp provider Talbot and Muir has questioned the Financial Services Authority's decision to omit commercial property from its list of standard assets.
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Sipps operators could have to hold a minimum of £20,000 in capital under new proposals from the Financial Services Authority today.
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Ashcourt Rowan has been fined £412,000 by the Financial Services Authority for legacy issues relating to its Savoy Investment Management business.
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Martin Tilley, head of technical support at Dentons Pensions, has forecast that "a third to a quarter" of Sipp providers could quit the market in the next few years.
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The Financial Services Authority has published new guidance today which may mean advisers will be less able to recommend a pension transfer.

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Wednesday, 29 February 2012 12:24

FSA proposes changes to pension transfer analysis

The Financial Services Authority is consulting on proposals to change pension transfer analysis after criticising certain advisers for taking a “mechanistic” approach.

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