FSA is consulting on the amount and quality of the capital held by operators of Self-Invested Personal Pensions (SIPPs). It proposes to align the level of operators' expenditure to the size and nature of the assets they administer, and to reflect that some asset types are more difficult to transfer in a wind-down scenario than others. It plans to increase the minimum fixed capital requirement to £20,000, and base the total capital requirement on an initial calculation related to assets under administration and a surcharge to reflect the percentage of non-standard asset types in underyling schemes. It wants comments by 22 February 2013. (Source: FSA Consults on Capital Standards for SIPP Operators)