SIPP provider posts list of 'risky' investments

SIPP provider Curtis Banks has published a list of the investments it is least likely to accept into its pensions.

The move comes after increased emphasis from the Financial Services Authority (FSA) on the role of SIPP providers as "gatekeepers" preventing savers investing in inappropriate vehicles. Steve Hart, business development director at Curtis Banks, said: "We spend our time looking at proposals and then turning them down as being inappropriate. "We get grumpy because we have spent a lot of senior time on something, and the adviser and client get grumpy because we asked them for loads of information and then turned it down." The new system of posting a list of investments likely to be re...