This is along with a growing reticence on the part of financial advisers to be involved in advising clients in relation to non-standard investments, due to the possibility of claims against them being upheld where an investment risk materialises.
Halting the swing
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Regulation is ever-evolving and one can only hope that the regulatory pendulum has swung to its furthest point and will evolve to give appropriate freedom – albeit still within a regulatory framework – for individuals to invest their Sipp funds where they wish.
After all, come the new flexi-access drawdown facility in April 2015, there will be an opportunity to withdraw Sipp funds and do just that.
Robert Graves is head of pensions technical services at Rowanmoor Group plc
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