The increased FSCS levy could mean total regulatory costs for Sipp operators in the sector could rise by an additional 75% this year when compared with 2014.
A director at Suffolk Life has left the company after it ended a strategy of pro-active acquisition of Sipp books.
A Sipp firm says it has seen a shift in adviser focus away from pension freedoms as the dust begins to settle post April.
Suffolk Life has added 10 discretionary services to its DFM-focused SimSIPP, increasing the number of DFM services available to 31.
Sipp provider Suffolk Life has reported a significant increase in the number of capped drawdown applications in the lead up to 6 April when the opportunity to set up new plans disappears.
Suffolk Life has warned that investors using new pension freedoms to withdraw cash from a pension fund to purchase buy to let property could be £150,000 worse off after five years if they buy a £300,000 property.
A Sipp provider has warned financial advisers to avoid getting caught out by Easter falling over the tax year end.
A Sipp provider has reacted to an FCA review by changing annual statement packs to show if investments are standard or non-standard.
A Sipp provider has confirmed it will offer all the new pension income options ahead of the reforms kicking in.
The Sipp market will ultimately split into two, one of the leading sipp providers has predicted, while another believes platform Sipps will take the majority of business in future.
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