Best possible outcomes
If investment professionals are prevented from using certain assets due to Sipp capital adequacy, best outcomes for clients might not be achieved. There is no expectation that the FCA will look to address this apparent unintended adverse consequence.
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The crux of the matter is that for financial advisers and clients who wish their chosen investment professional to use their expertise to manage a portfolio unfettered by restrictions, selecting a Sipp provider that does not restrict investments to only assets defined as standard by the FCA becomes paramount.
Robert Graves is head of pensions technical services at Rowanmoor
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