Introducing Sipps regulation

Sipp regulation will come into force on 6 April, and its provisions will mean that advisers need to have the appropriate FSA category of authorisation

Self invested personal pensions will be regulated by four Government bodies from the 6 April 2000. These are the Department of Work and Pensions (DWP), the Pensions Regulator, HM Revenue & Customs and The Financial Services Authority (FSA). The DWP is responsible for high level policy making, such as deciding on the level of the state pension and contracting out, and for writing long reports that nobody reads. The Pensions Regulator does not seem to do anything except extract money from pension providers, while HM Revenue & Customs determines all the rules about the tax relief afforded to ...