FORTHCOMING CHANGE : On 22 June 2026, the FCA published consultation paper CP26/20, proposing new rules to strengthen consumer protection in the SIPP market. The proposals would introduce clearer, proportionate due diligence requirements for SIPP operators in relation to relevant third parties and investments, including core checks applying in all cases and additional checks for higher-risk investments. They would also establish a new Pension Scheme Money and Assets regime in COBS 19B for SIPP money and assets not already subject to the Client Assets Sourcebook (CASS), covering record-keeping, reconciliations, discrepancies and oversight of assets held by third parties. The consultation closed on 24 August 2026, and the FCA expects to publish its policy statement and final Handbook amendments in the first half of 2027. The proposals provide for a 12-month implementation period for the due diligence requirements and a two-year period for the new money and assets requirements, with a possible additional year for certain existing third-party relationships. For further information, see: Pensions weekly highlights—25 June 2026 — Personal pensions. Before