Ex-KPMG partner Patrick McCoy has joined Xafinity Punter Southall as head of investment.
Xafinity Punter Southall has hired Wayne Segers as head of Punter Southall Transaction Services (PSTS).
Pension transfer values remained high during 2017, figures showed today.
Sipp provider and pensions consultant Xafinity has announced plans today to buy several divisions from rival Punter Southall Holdings for up to £153m.
Pension transfer value from the end of September to the end of October (as measured by the Xafinity Transfer Value Index) have remained relatively stable, fluctuating between £229,000 and £234,000, the company’s data shows.
Sipp and pensions admin provider Xafinity has recruited Mark Barlow from PwC to help drive the growth of the pensions business.
September saw a reverse of rising pension transfer values with average transfers measured by one provider dropping sharply over the month, falling by 4% from £240,000 in the first week of September to £230,000 by the end of the month.
Xafinity says it supports the announcement from the FCA this week that investment consultants - particularly those who advise pension trustees - are to be referred to the Competition and Markets Authority.
Analysis by a Sipp provider and pension consultancy has uncovered signs of potential scam activity in 1 in 12 pension transfer requests with unauthorised advisers among the worst culprits.
Average pension transfer values during July 2017 remained relatively stable after recent volatility, according to the Xafinity Transfer Value Index.
News from Twitter
Articles by Keyword
AJ Bell
AMPS
annuities
Autoenrolment
Barnett Waddingham
Curtis Banks
DWP
FCA
FOS
FSCS
James Hay
Lisa Webster
Mattioli Woods
Pension
pension freedoms
pensions
pension transfers
Platforms
regulation
retirement
retirement planning
Sipp
Sipps
Ssas
Talbot and Muir
The Pensions Regulator
TPR
Webster
websterblog
Xafinity