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Capital requirements for SIPP providers do nothing to mitigate risk, the founder of consultancy MoretoSipps has claimed. John Moret, known as Mr SIPP, said any regulatory focus on SIPPs should not go too far on capital requirements as he believes it could cause many firms to fail. He said the capital requirements “take no account of the range of investments held or of the level of scrutiny applied to such investments. It also does not really take into account the legal structure of the SIPP business.” Mr Moret claimed the FSA may consider introducing higher capital requirements on SIPPs as it… continue reading