From that date, additional capital adequacy costs have been imposed on the SIPP providers by the Financial Conduct Authority for every SIPP that holds a "Non-Standard" asset. Inevitably many of these costs have then been passed on to the clients via additional SIPP charges.
This has created an industry wide problem as the additional SIPP charges are for investments that cannot be sold and often have no current or meaningful future value. Also, as there is no market for these Non-Standard assets, it is impossible to divest of them and thereby eliminate the consequent SIPP charges.
This almost intractable situation is one that the Clients, their financial advisers, and the SIPP providers, have been seeking to resolve.
Occam's Remedy APR Limited is a private company established to acquire illiquid and unwanted investments for commercial purposes.
It therefore provides a solution that resolves this problem, simply and effectively.
