• Regulations
  • Finance Act 2004
  • Financial Services and Markets Act 2000
    • How to get permission?
    • Difference vs MiFID
  • PERG 12.2 Establishing, operating or winding up a personal pension scheme https://www.handbook.fca.org.uk/handbook/PERG/12/2.html
  • Capital framework https://www.fca.org.uk/publications/policy-statements/ps14-12-new-capital-framework-self-invested-personal-pension-sipp
  • Protection https://www.fscs.org.uk
    • Levy? communications@fscs.org.uk
    • If the company holding clients assets goes into trouble
  • Protection beyond £85,000?
  • https://www.gov.uk/guidance/pension-administrators-register-as-an-administrator
  • How?
    • Promotion PERG 8
    • Employer can pay into SIPP https://www.ii.co.uk/ii-accounts/sipp/making-contributions/employer-contributions-to-sipp
    • Operating: reporting, tax
    • Investment PERG 10.4 10.5
    • Client assets requirements CASS 7 8
    • What is “safe custody asset”?
    • Distribution, Convert to annuity
    • CASS 7.13.26 money market funds : client money vs safe custody asset
  • FCA Consumer Duty (2023)
  • Providers:
    • Hargreaves Lansdown
    • AJ Bell
    • Fidelity
    • Vanguard
    • Charles Stanley Direct
    • FreeTrade
• Laura D: Head of Authorisations
• Investment needs
• the Rt Hon Rachel Reeves and Pensions Minister Emma Reynolds
• FCA:
  • https://www.fca.org.uk/firms/authorisation/consumer-investments. Pension Category 6. £10,880 authorisation fee
  • PERG 12
  • PERG 2, 2.3, 2.4, 2.6, 2.7, 2.7.14, 2.7.16G
  • https://www.fca.org.uk/firms/innovation/innovation-pathways innovationpathways@fca.org.uk
  • APCC https://apcc.org.uk