Sipp market set to expand under new regulations

The FSA is set to introduce Sipp regulation this year which will mean more organisations can provide personal pensions, potentially opening up the Sipp market to more competition

It is now less than four months until the next significant milestone in the development of the self invested personal pension (Sipp) market in the UK with the regulation of all personal pensions - including Sipps - coming into force from 6 April. A new regulated activities order under the Financial Services and Markets Act introduces two new regulated entities: l those resulting from the establishment, operation or winding up of any personal pension scheme; l a new investment type - rights under a personal pension scheme. There are several reasons why I feel the new regulatory regime is ...