FCA probes SIPPs

FCA probes SIPPs

The Financial Conduct Authority (FCA) has started a probe into the advice given to savers with self-invested personal pensions (SIPPs) following high profile court cases against providers Berkeley Burke and Carey Pensions. In a letter the regulator has asked them for information about their business activities and their expectation of the way the providers handle …

SIPPS – The new PPI?

News-Churchill Sloan-CS-[SIPPS – The new PPI]-[19-July-2018]

Fears are being raised that up to £10 million worth of badly performing SIPPS (Self Invested Personal Pensions) have been mis-sold to thousands of British savers by unscrupulous financial advisors. Now Labour MP Frank Field is calling for an investigation into the way SIPPS are sold and asking the Financial Conduct Authority (FCA) to make …