The FCA has warned SIPP operators over a lack of progress on the regulator's concerns that their actions could lead to “harm to individual consumers.”

Some investment and SIPP providers have been retaining interest earned on cash-holdings to subsidise loss-making platforms, according to an FCA study published today.

One of the UK's leading SIPP and pensions experts John Moret, still working part-time in the pensions sector in his seventies, has written a series of articles for Financial Planning Today reflecting on topics that have occupied him over the last 50-plus years. This is the fifth article in the series. Previous articles are available on Financial Planning Today by searching for 'john moret.'