Displaying items by tag: capital adequacy
Friday, 24 November 2017 17:47
Elaine Turtle: Capital adequacy – the unintended consequences
When SIPPs were created in Chancellor Lawson’s Budget speech back in 1989, the world was a different place. We were pre-financial crisis, pre-simplification, pre-freedom and choice and less engaged with saving for the long term, in part due to the pensions industry having been dominated by DB schemes.
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Monday, 26 September 2016 11:18
SSAS and Sipps: Should same capital rules apply?
In a guest column for Sipps Professional, Karena Woodall, consultant at Mattioli Woods, discusses the treatment of SSAS and Sipps and if there should be any difference in how they are viewed in regulatory terms.
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Tuesday, 08 December 2015 12:46
Sipp firm capital rules remain despite PIF changes
The minimum capital adequacy requirements for directly authorised personal investment firms will be doubled to £20,000 next June.
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Friday, 04 December 2015 16:15
FCA publishes ‘watered down’ Sipp rule changes
The FCA has published what it called ‘minor changes’ to its new capital adequacy rules this afternoon – with one expert saying the original proposals had been ‘watered down’.
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Friday, 04 September 2015 12:31
Sipp sector director predicts shift in market ahead of capital adequacy reforms
There will be a shift in the Sipp sector towards firms either restricting their offering to standard assets or offering a full Sipp investment offering including non-standard investments, an industry expert has forecast.
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Friday, 28 August 2015 10:46
Troubled Sipp providers hold talks with Mattioli
A director at Mattioli Woods has confirmed his firm is holding talks with troubled Sipp providers and the FCA to look at possible solutions ahead of the revamped capital adequacy rules taking effect next year.
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Tuesday, 09 June 2015 11:30
Capital adequacy: Fear over balance sheets before consumers
A senior figure at a Sipp firm fears operators could put their balance sheets before the best interests of consumers if the FCA fails to get its latest capital adequacy plans right.
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Monday, 08 June 2015 10:19
FCA: Capital adequacy changes to reduce compliance costs
The FCA has proposed changes to the new capital adequacy rules - including a relaxation of the frequency of calculating AUA - which it says will reduce firms’ compliance costs.
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Thursday, 15 January 2015 11:33
'Clients could suffer if FCA fails to clarify capital adequacy rules'
A senior figure at a Sipp provider fears that a failure to clarify the new capital adequacy rules could lead to worried firms going too far in an attempt to meet requirements and therefore end up increasing costs for clients.
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Wednesday, 14 January 2015 17:38
Bid for Sipp capital framework Judicial Review fails
The Association of Member-Directed Pension Schemes has failed with its attempt to bring a Judicial Review concerning the new capital adequacy rules, it has just been revealed.
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