Amps to form platform sub-committee

The Association of Member-directed Pension Schemes is forming a platform sub-committee to reflect anticipated growth in the market.

The Sipp and SSAS provider trade body says the sub-committee is being established to reflect the increasing importance of platforms in the pensions sector.

The sub-committee will be chaired by James Hay head of technical support Neil MacGillivray.

Amps chairman Andrew Roberts says: “With the implementation of RDR less than 12 months away the platform market looks set to grow considerably and one of the drivers of this will be pensions.

“As a committee we have become concerned that there has been a great deal of debate on Sipps, their suitability and the charges associated with them.

“We are forming a sub-committee so that we can benefit from the huge knowledge base and experience of our member firms.”