Does the increasing scrutiny by our regulator around the transparency

clock •

Question: Does the increasing scrutiny by our regulator around the transparency theme give real concern to SIPP providers in today's world? Can they afford to gear themselves up for real change?

Andy Leggett, Suffolk Life: "There's a certain irony about transparency questions. It was the A-Day changes that brought in a lot of new pension terminology - terminology embedded in the legislation that determines how pension schemes are run. SIPP providers have since received a ticking-off for using this terminology as it is confusing to customers! "The flexibility of SIPPs means that there are a great many options. If a provider charged a single, all-encompassing fee (or percentage) many would say that was not fair - there would, after all, be a cross subsidy between plan holders. A m...

To continue reading this article...

Join Professional Adviser for free

  • Unlimited access to real-time news, industry insights and market intelligence
  • Stay ahead of the curve with spotlights on emerging trends and technologies
  • Receive breaking news stories straight to your inbox in the daily newsletters
  • Make smart business decisions with the latest developments in regulation, investing retirement and protection
  • Members-only access to the editor’s weekly Friday commentary
  • Be the first to hear about our events and awards programmes

Join

 

Already a Professional Adviser member?

Login

More on uncategorised

PA Awards 2027: Last chance - entries close at midnight tonight

PA Awards 2027: Last chance - entries close at midnight tonight

The 22nd Professional Adviser Awards will take place in London next March

Professional Adviser
clock 18 September 2026 • 1 min read
Multi-Asset and MPS Roadshow: Last chance to join PA in Harrogate or Warrington

Multi-Asset and MPS Roadshow: Last chance to join PA in Harrogate or Warrington

Hear from Aberdeen, Aviva Investors, Clever, Downing, Fidelity, Quilter Cheviot, Rathbones

Professional Adviser
clock 08 September 2026 • 1 min read
Two including former police officer charged in connection with £720,000 investment fraud

Two including former police officer charged in connection with £720,000 investment fraud

Due to appear at Westminster Magistrates’ Court

Sophia Panayi
clock 04 June 2026 • 1 min read