SIPP and SSAS specialist Talbot and Muir has issued a call for an industry standardisation of non-standard investments (NSI) reporting.
The pension firm said industry standardisation would make it easier for advisers and their clients to compare providers. It said the NSI due diligence document it has published provided the questions advisers need to ask when looking at which SIPP provider to work with. The call for the standardisation of reporting follows some high-profile court cases between SIPP providers and clients that have been won by the latter. Talbot and Muir director Graham Muir said: "It is now more important than ever for advisers to ensure their clients are with a provider that can be considered 'safe' a...
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