Friday, September 30, 2005

FSA could regulate the SIPP Market

The City watchdog could take over regulation of certain personal pension schemes under moves being considered by the government, it emerged today.
The Treasury plans to issue a consultation on whether self-invested personal pensions (Sipps) should be brought under the remit of the Financial Services Authority (FSA).

The rules governing Sipps, which are currently unregulated, are due to change in April next year, enabling their holders to put money into a wide range of investments, from residential property to fine wine and antiques.


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