AMPS: FSA SIPP proposals risk consumer harm

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Proposals for SIPP capital requirements based on assets under administration should be scrapped as it could risk consumer harm, the Association of Member Directed Pension Schemes (AMPS) has told the FSA.

In a response submitted to the FSA's capital adequacy paper CP12/13 based on feedback from 82 SIPP providers, AMPS has recommended two alternative formulas for capital requirements and a revised capital...

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