/Pensions

How I learned to stop worrying and love SIPP due diligence

Due diligence is one of our beloved industry's trickier beasts. Much like dental check-ups, MOTs and dinner with the in-laws, many of us have to go through it but very few relish the prospect.

January 2017

Due diligence is one of our beloved industry’s trickier beasts. Much like dental check-ups, MOTs and dinner with the in-laws, many of us have to go through it but very few relish the prospect.

While platforms have had something of a steer as to good practise, specialist SIPPs have been left out in the cold. But no more! The lang cat is here to offer our take on what good looks like and what makes our whiskers curl in disapproval.

This is an unusual report for us. @sipp commissioned us to carry out the analysis. But it’s not an analysis of @sipp ‘we compare it to neither a peer group nor a benchmark’ it’s an analysis of the process of carrying out specialist SIPP due diligence.

It’ll make more sense when you read it, which we heartily recommend. Here’s what you can look forward to:

  • A look at the current due diligence landscape (with just enough sources to suggest we did some research).
  • Why due diligence is possibly going to take over the world.
  • Our ‘oh, yes please’ and ‘gonnae no dae that’ of due diligence.
  • The questions we set @sipp and its unedited responses.
  • The lang cat view on those responses. And a few extra thoughts as they came to us.

WE’RE PRETTY SURE YOU CAN GET BUDGET FOR THIS ONE

The paper will set you back the sum total of no pounds. That’s thanks to @sipp paying us to carry out the analysis, good guys that they are. But, the comments we make are just what they would be whether we were being paid or not. It’s up to you what you make of it all, but that’s how it is.

Tempted? We can’t think who wouldn’t give in to a combination of SIPP due diligence and high end cat imagery.

/ Additional reports

Q4 Platform market scorecard

Our in-depth market analysis of inflows, outflows, developments, regulation and thematic deep dives every quarter.

Impact of poor service

/ White papers

The Impact of Poor Service

We provided the research for a report, in conjunction with Parmenion, which reveals how far short of expectations many adviser platforms are falling. The research found that over the last 12 months, 88% of advisers needed to apologise to at least one of their clients on behalf of a platform, and that poor service delivery from platforms impacts 91% of advisers every day.

Impact of poor service

/ White papers

The Impact of Poor Platform Service

We provided the research for a report, in conjunction with Parmenion, which reveals how far short of expectations many adviser platforms are falling. The research found that over the last 12 months, 88% of advisers needed to apologise to at least one of their clients on behalf of a platform, and that poor service delivery from platforms impacts 91% of advisers every day.

/ White papers

Answering the Call

Service means a lot of things to a lot of different people. It’s so subjective it can be hard to put your finger on. This paper aims to challenge the status quo and inertia that’s built up in the sector for many years.