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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.
A senior figure at a Sipp provider fears that a failure to clarify the new capital adequacy rules could lead to worried firms going too far in an attempt to meet requirements and therefore end up increasing costs for clients.
A leading pensions body has insisted its members still believe the new capital adequacy rules for Sipp firms are "flawed" despite failing with its attempt to bring a Judicial Review.
The Association of Member-Directed Pension Schemes has failed with its attempt to bring a Judicial Review concerning the new capital adequacy rules, it has just been revealed.
A decision on whether a Judicial Review concerning the new capital adequacy rules will be allowed to go ahead should be known in the next few weeks.
A financial advisory firm has warned of an impending "boom time" for pension scammers after reporting a wave of cold calls to clients from possible fraudsters.
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