The capital adequacy requirements come into effect in just a few months, but how prepared are providers and what have they been doing in the two years of planning? Not all of the providers are disclosing how much of the required minimum amount they currently hold. At DP Pensions we already held enough liquid capital to meet the new capital requirements even if they had come into effect back in August 2014 when the FCA policy statement was released. In fact our capital reserves currently meet the new requirements by 143%. In this article, Charlotte Richards from FTAdviser Money Management looks into what lies ahead for SIPP providers and the details advisers need to know. DP Pensions assisted in providing information and Elaine Turtle, Director, has been quoted in the article.
