#12 Monitoring assets held within portfolios

Number 12 in a series of headscratchers about SIPP capital adequacy proposals

It could be difficult for a SIPP operator to determine the percentage of plans with Non-Standard Assets where assets may be traded without the intervention of the SIPP operator.  This may be the case for Discretionary Fund Managers.

For example, a SIPP operator may have hundreds of clients managed by the same DFM who may decide that every client of theirs should have a small exposure to a geared property fund.

This could materially increase the percentage of Non-Standard Assets which the SIPP operator will not be able to plan for.


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