Nick Bamford, chief executive of Informed Choice and John Moret, sales and marketing director at Suffolk Life, debate the Sipp market and how effectively it has been regulated

What were the most important themes of the RDR proposals?

How will the review of pension transfers impact the Sipp market?

Pensions Management was given exclusive access to the first global leaders forum to be hosted by a rejuvenated Friends Provident. Trevor Matthews, chief executive officer (CEO), delivered a speech on behalf of senator Nick Sherry, the equivalent of James Purnell in the Australian government, before chairing a discussion with senior employee benefit consultants on some of the issues the minister had raised. To receive a copy of the speech, email christine.o’grady@friendsprovident.co.uk.

Pádraig Floyd: What is your view of the position of the self-invested personal pension (Sipp) market?

John Moret: From a Financial Services Authority (FSA) perspective, suitability seems to be linked to two or three key issues. One would be pricing and whether the product is suitable when compared with other types of personal pension that might be available. That also raises the issue of disclosure, which could be extended to cover not only price, but also the proposition – in particular the price you’re prepared to pay for the investment flexibility. Another important issue to consider is the principle of treating customers fairly.