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As the UK moves into the 7th week of lockdown and the world has changed beyond all recognition, it has also been a time of reflection.

It is hard to believe that the first SIPP was sold over 30 years ago.

It is quite hard to believe that we have just welcomed in the start of a new decade as 2020 begins.

Recent developments in the Brexit saga and an inevitable snap general election led the Government to put the Sajid Javid’s Autumn Budget on hold last week to focus on getting Brexit done.

As everyone makes their way back to work following a glorious, if politically fuelled summer, it feels that the push has started towards the end of the year.

It was good to see the Guidance Consultation from the FCA on the fair treatment of vulnerable clients that has recently been published.

There has been unprecedented change in the pensions industry in recent years and SIPPs have been no exception. 

The Financial Conduct Authority (FCA) is concerned about how pension freedoms are impacting consumers and quite rightly so, especially with regards to those accessing their retirement savings and not taking advice, putting them at risk of running out of money, or worse, being scammed.
Before you think you are reading an old article, I am of course referring to the start of the new tax year. 
It doesn't seem possible that it is 30 years since the then Chancellor of the Exchequer, Nigel Lawson, stood to deliver his Budget on 14 March 1989. The immortal words ‘I propose to make it easier for people in personal pension schemes to manage their own investments’ led to what is now the self invested pensions (SIPP).
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