What Sipp providers and advisers can learn from Hartley collapse

Moret suggests that in an ideal world a new name or acronym might be needed that reflects more accurately the purpose of a Sipp.

“But I suspect that might only happen if the pot for life proposals are adopted. Otherwise the message is that Sipps continue to have a major role to play in retirement provision and that the Hartley fiasco and most other provider failures relate to failings in the past and there is no reason to believe that similar failings will occur in the future.”

Ima Jackson-Obot is deputy features editor of FTAdviser