A portfolio of 140 Sipp and SSAS schemes with total funds under trusteeship of £83m has been sold for just £1.
Plans to introduce additional protection to pension holders ahead of the reforms kicking in in April have been outlined today by the FCA in a letter to chief executives of providers.
Financial advisers and intermediaries could see a surge in demand for help with auto enrolment in the next year, as research found three quarters of small and micro employers looking for support.
Annuity rates have plunged since the summer, a study has shown.
A former international cricket captain will manage Sipp investment portfolios as part of his new role at a Financial Planning firm.
The new pensions service will "fall significantly short of the promise of face to face guidance for all" due to the lack of centres providing it, an expert has warned.
Complaints and compensation claims about advice relating to Sipps will continue to rise, with an extra 500 cases predicted for the next financial year, the FSCS warned today.
Growing numbers of complaints about Sipps have been blamed for a jump in the levy advisers will have to pay next year.
A ruling from the Pensions Ombudsman regarding a Sipp could make it harder for providers to stop customers from transferring to possible scam schemes, an expert believes.
Retirees will be taking out retirement funds via 'pension bank accounts' by 2020, experts have predicted.
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