Nigel Bennett, sales and marketing director at InvestAcc, agrees. “We expect further deals as some providers may struggle to meet the level of capital resources required under the new rules. The regulator appears to have been successful in its aim of reducing the use of Sipps to access certain investment types, particularly those it deems non-standard.
“We believe this will only continue as providers deal with the issue of identifying, monitoring and reporting non-standard assets, as well as ascertaining their market value, which may be difficult,” he adds.
The future is bright
Whether or not there are more acquisitions to come, there is not much time for them to complete in advance of September’s deadline. It may just be a case of waiting to see what happens and if any providers fail to meet their required amount of capital.
With just five months left ticking on the clock until September, there is still some time to go, and our next survey in October should give more insight into how providers are positioned.
