Will UCIS restrictions affect the SIPP market?

The FSA's consultation on UCIS has been a long time in coming. High profile failures and screaming headlines about these investments have fuelled debate in the SIPP market. Should they be permitted? Who are they suitable for? And who should have responsibility for screening whether these investments stack up? Added to that, SIPP providers questioned whether higher capital adequacy rules and levies would come in to hedge against investment failures, placing more pressure on their business models. The FSA's recent proposals have provided some clarity on these questions. The paper has pr...