Trading 212 has received approval from UK regulators to offer self-invested personal pension plans (SIPP) to retail investors, a plan that was announced five years ago. The UK Financial Conduct Authority (FCA) approved the platform's application in February this year and permitted it to offer cryptocurrency exchange-traded notes (ETN) within these pension plans. Previously, due to approval delays, the platform faced strong criticism from customers, with some investors even switching to competitors. Trading 212 had previously faced scrutiny for offering cryptocurrency-related products without proper authorization, and the company has recently hired SIPP specialists to develop this service.
Trading 212 has received approval from UK regulators to offer self-invested personal pension plans (SIPP) to retail investors, a plan that was announced five years ago. The UK Financial Conduct Authority (FCA) approved the platform's application in February this year and permitted it to offer cryptocurrency exchange-traded notes (ETN) within these pension plans. Previously, due to approval delays, the platform faced strong criticism from customers, with some investors even switching to competitors. Trading 212 had previously faced scrutiny for offering cryptocurrency-related products without proper authorization, and the company has recently hired SIPP specialists to develop this service.