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The pensions industry must act swiftly and decisively itself on ‘excessive’ exit fees or it will be forced to do so by new legislation, a Sipp firm expert says.
Parmenion has reported that its profits have risen by 45% to nearly £1.7m in the last year following the development of its in-house Sipp.
A Leicestershire-based firm of independent financial advisers is to create its own white labelled full Sipp.
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.
Losses due to pension scams more than tripled to nearly £5m in the month after the pension reforms took effect as liberation scams tripled, new figures suggest.
Talbot and Muir has launched a free SSAS review service for advisers.
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