Occam's
Remedy APR
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Since June 2015, pension providers and financial advisers, have been struggling with the problems and costs imposed on their clients for holding "Non-Standard" and illiquid assets in SIPPs - i.e. assets which cannot be sold within 30 days. 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 most 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. |
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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. |
Occam's
Remedy APR Limited is a private commercial company that buys illiquid
and unwanted investments on a commercial basis. It does not operate
a fund, arrange transactions, or make a market in such assets. It is
therefore NOT authorised by the Financial Conduct Authority and does
not, under any circumstance, provide financial advice or undertake any
activities requiring authorisation under the Financial Services Act.
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