Industry should not underestimate Sipp regulation

John Moret, director of sales and marketing at Suffolk Life, says the regulation, which is scheduled to come into effect from April, could mean a number of small companies will not be able to cope, particularly with the introduction of new capital adequacy requirements. He says: “I am surprised the impact of Sipp regulation apparently continues to be underestimated by some providers, administrators, trustees and advisers. Coming on the back of the additional reporting requirements for HM Revenue & Customs (HMRC), the extra onus of regulation for many administrators and trustees unfamiliar...