Virtual briefing – Investment due diligence and handling non-standard investments 2024 | The Investing Saving Alliance (TISA) | 5 February 2024 | Zoom

The acceptance of esoteric, non-standard or inappropriate assets by some SIPP operators is a topic which will not have escaped anyone’s notice in the wealth management sector. But while litigation in the Courts may have garnered diminishing headlines in recent times, the FOS and the FCA are taking an increasingly assertive approach to this issue, with a strong focus on clearing out NSA’s lurking in the back books of SIPP operators and platforms. Burges Salmon’s financial services regulatory lawyers have assisted a range of SIPP and platform clients through challenging interactions with the Regulator and the Ombudsman, and during this virtual briefing event will discuss the topic and give their insights and suggestions for approaching such issues. The direction of travel seems clearly to be moving from SIPP operators and their duties to the due diligence role of investment platforms more widely, particularly in light of the Consumer Duty. This virtual briefing event is likely to be of interest not only to firms with historic books of NSIs, but also those considering whether to accept new books of business which include such esoteric investments (and if so, the approach they might consider to mitigate the associated risks).

2024 Speakers

Matthew Kaltsas-Walker
Partner, Burges Salmon

Anna Davis
Director, Burges Salmon

2024 Partner

• Burges Salmon