Pensions  

FCA confirms latest Sipp rules delay amid property debates

In April the FCA issued an alert to advisers, signalling its toughest stance yet on recommendations to clients to transfer their pensions into self-invested alternatives weighted to “non-mainstream investments”.

Both AJ Bell and London and Colonial are supportive of a move back to some form of a permitted investment list.

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Mr MacGillivray, however, suggested the findings of a session at the conference showed members generally are not convinced on the value of the return of the permitted investment list.

He said: “The final session of the conference saw Mike Morrison and Robert Graves go head to head in a debate on the issue of a permitted investment list.

“Before the debate, 71 per cent of the audience were in favour, this fell to an equal split after the debate and clearly shows that the membership of Amps feel that a permitted investment list may not be the panacea for risk free investments and could stifle innovation in the sector.”