A Sipps firm has backed the FCA's new capital adequacy rules and announced it has acquired the Sipp book from a pension administration provider for an undisclosed sum.
Read more: Dentons acquires Sipp book and backs capital adequacy rules
The Association of Member-Directed Pension Schemes has declared it has "serious issues" with aspects of the new capital adequacy rules.
A Sipps firm has raised concerns over the new capital adequacy rules published by the FCA.
The FCA has revealed new rules on capital adequacy for Sipp operators this morning which will come into effect in September 2016.
With recent questions about the investment allowed in Sipps and some regulatory concern, the idea of a return to a permitted or 'whitelist' of investments is gaining ground.
Read more: 'Sipps Permitted List would clampdown on dubious investments'