A new era for SIPPs?

The Berkeley Burke court ruling has the potential to prompt increased regulatory action in the Self-invested Personal Pension (SIPP) market. This landmark case is the first where a SIPP provider’s due diligence arrangements have been tested and found to be inadequate. FCA guidance has always been to exercise reasonable care in the management of client funds, even with non-mainstream investments.

Following the recent “Dear CEO” letter from FCA, the Berkeley Burke case now increases the impetus for the regulator to act.

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