Provider questions FSA stance on SIPP cap ad consultation

Jenna Towler

Plans to use self-invested personal pension (SIPP) providers' assets under management (AUM) as a factor in determining capital adequacy levels is a mistake, Dentons Pensions has said.

Last week, the Financial Services Authority (FSA) consulted on hiking SIPP providers' capital adequacy levels from a minimum of £5,000 to £20,000. It also wants to take the provider's assets under administration...

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