He said now is the time for action on Sipps and non-workplace pensions – the market for which continues to grow.
“Having been involved with Sipps since their launch in 1990, I hope the Treasury and regulator understand that these suggestions are made with the best interests of all parties involved in mind.”
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A Treasury spokesperson said: “HMT engages closely with the FCA on a wide-range of areas, including the regulation of the Sipp sector. However, operational matters are for the FCA, which the government rightly does not intervene in.”
sonia.rach@ft.com
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