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A group of industry bodies wants to set up a code of conduct on pension charging to make life easier for employers ahead of auto-enrolment, but one provider warns of ‘information overload’
The FSA is cracking down on unsuitable investments in SIPPs, but SSAS could be the new target for unscrupulous salesmen.
Barnett Waddingham’s Andrew Roberts has been appointed chairman of The Association of Member-Directed Pension Schemes (AMPS).
Other AMPS articles
The Association of Member-Directed Pension Schemes (AMPS) yesterday elected two new committee members.
SIPP providers have increased their level of screening for poor or unsuitable investments within their schemes.
SIPP providers say they have serious doubts about whether the FSA's proposals to force them to produce more literature and increase charging disclosure will benefit pension clients.
The past year has been a turbulent one for the SIPP market with much confusion as to the responsibilities being placed on advisers and providers. According to Billy Mackay the time has come to bring clarification to the market
David Phillips provides valuable clarification regarding SIPP provider responsibilities
The ABI and Association of Member-directed Pension Schemes (AMPS) have published a guide to help SIPP providers communicate more effectively with customers and their advisers.
Rowanmoor Pensions has confirmed it will still offer in-specie transfers on property into SIPPs and SSASs, provided a recent independent valuation has been obtained.
Industry officials say a contributory factor to the Treasury's withdrawal of tax relief on residential property in sipps could be because launch of the computer system to monitor such investments was at least six months behind schedule.
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