BBC's Panorama to probe UCIS in SIPPs

BBC's Panorama programme is investigating the use of unregulated collective investment schemes (UCIS) in self-invested personal pensions (SIPPs).

IFAonline understands the BBC programme, due to be aired in March, will examine people being moved out of occupational pension schemes and schemes with big name providers into more esoteric investments. The programme makers are looking at several companies offering SIPPs, as well as  UCIS providers, and pension unlocking schemes. Its focus is on "disaster situations" where investors have moved their pensions into investments such as UCIS without realising they are unregulated and have lost substantial amounts. Last week, the Financial Services Authority (FSA) issued a warning to ad...