SSAS/SIPP
The Consumer Duty requirements applicable to this sector adds a further level to the scrutiny of your work practices and processes and aims to bring about a fairer, more consumer-focused approach to ensure customers can pursue their financial objectives.
Minimising Risk Exposure for the SIPP/SSAS Market
We appreciate the challenge to continually meet the demands of customers and regulators, places considerable focus on how the sector operates.
We strongly believe the principle of delivering good outcomes will place greater importance on how you administer and arrange the ongoing protection of any property placed within a SIPP. For properties under a SSAS, compliance with Financial Conduct Authority regulation arises at the time of placement of the property insurance. In both cases, reducing risk exposure to protect the asset within the pension fund is vital.
Creating a Robust Insurance Programme & Audit Support Process
Our expertise and knowledge of meeting your regulatory obligations, combined with the challenges of the difficulties of managing insurance for your customers, can help to structure a solution to ensure your interests (and ultimately the property investments within a SIPP/SSAS) are adequately protected. For this reason, we focus on the property due diligence process (pre and post completion) to assess and identify risk exposure and then determine a suitable insurance solution and ease the administration burden.
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At Berkeley Insurance Group, we aim to offer tailored quotes that meet the unique needs and requirements of our clients.
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