Provider questions FSA stance on SIPP cap ad consultation

Jenna Towler
clock

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...

To continue reading this article...

Join Investment week

  • Unlimited access to real-time news, analysis and opinion from the investment industry, including the Sustainable Hub covering fund news from the ESG space

  • Get ahead of regulatory and technological changes affecting fund management

  • Important and breaking news stories selected by the editors delivered straight to your inbox each day

  • Weekly members-only newsletter with exclusive opinion pieces from leading industry experts

  • Be the first to hear about our extensive events schedule and awards programmes

Join now

 

Already an Investment Week
member?

Login

More on Wealth managers

St James's Place CEO Andrew Croft

St James's Place AUM up 25% year-on-year

Improving consumer confidence fuelled net inflows

Jenny Turton
clock 21 October 2021 • 1 min read
Outgoing FCA chair Charles Randell

Industry questions 'unusual' departure of Charles Randell from FCA

Staff morale low at FCA

James Baxter-Derrington
clock 18 October 2021 • 3 min read
Square Mile has partnered with Royal London
UK

Royal London partners with Square Mile to educate on responsible investment

The companies hope to ‘cut through jargon’

clock 15 October 2021 • 1 min read