FSA announces Sipps regulation policy

The FSA has announced its policy on the regulation of Sipps, following the Treasury's announcement i...

The FSA has announced its policy on the regulation of Sipps, following the Treasury's announcement in March that all personal pensions will fall within the regulator's scope. The rules will cover all aspects of personal pensions, including how they are promoted and sold. Dan Waters, director of retail policy at the FSA, said broadening the range of personal pension providers should increase competition and lead to innovation. Bringing all personal pensions under the FSA regulatory umbrella will ensure the same level of protection for all consumers, he said. From 6 April 2007, any fi...