News

FSA could force SIPPs with riskier assets to hold more capital

Could new SIPP rules be on their way? The FSA have given their biggest indication yet that they will not ban – de-facto – certain types of esoteric investments that can, at present, be held in a SIPP. Keeping faith with the idea that these are, indeed, Self Invested PP and therefore self-determined! There does seem to be some confusion, however, as to what an esoteric investment is – just because something is branded as esoteric it does not necessarily mean that it is a UCIS – although the point made about potential risk, opaqueness and governance aspects are often true… continue reading

May 16, 2012