Advisers must adhere to Sipp regulations

Under Sipp legislation advisers will need to be careful they do not fall foul of its provisions, and show that they know the basic investment principles of building a portfolio within the wrapper

With 6 April approaching the new regulatory regime for self invested personal pensions (Sipps) is almost upon us. Some providers, notably insurance companies offering insured Sipps, have already been living with regulation for some time. However, the new regime will be all encompassing, covering all personal pension and self invested pension schemes. The fine details of the new regime can be found in the FSA Policy Statement 06/07, (September 2006). This is a document that comprises a summary of responses to the earlier consultation document CP06/05, and the FSA's final rules and guidance ...