Sipp operators under review - FT.com The Financial Conduct Authority has launched another review of the self invested personal pension (Sipp) market to check whether operators acted on concerns raised in a 2012 report. The review, its third of the market in the past six years, will focus on the control of client money, due diligence and risk controls. The regulator said it now expected all operators to demonstrate that they were meeting its requirements. "Where Sipp operators are unable to demonstrate their compliance with regulatory responsibilities and fail to show they have the best interests of consumers at heart, we will take to further regulatory action," said the FCA. The review is expected to begin within the next few weeks.