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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There is little doubt that the number of UK adults who could be identified as vulnerable […]
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While the real impact of COVID-19 has yet to play out, firms are now starting to […]
There is little doubt that the number of UK adults who could be identified as vulnerable […]
Read >With early repayments and initial customer communications due as soon as January, how prepared are you […]
Read >While the real impact of COVID-19 has yet to play out, firms are now starting to […]
Read >