Fiona Murphy asks SIPP providers how the industry can restore adviser confidence in esoteric investments.
Every year has its heroes and villains. Take alternative investments, which became the bogey man of the SIPP world in 2011 when the FSA placed greater scrutiny on Unregulated Collective Investment Schemes (UCIS). This was amid concerns clients were being advised to invest in UCIS investments that were unsuitable for their needs. At an industry conference in November, FSA manager of pension investment policy Milton Cartwright said the FSA was examining the due diligence processes of SIPP providers regarding these investments. This added to the on-going debate as to where responsibility fo...
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