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The Financial Conduct Authority has warned clients of failed SIPP firm Hartley Pensions to be wary of scams or fraudsters as administrators of the collapsed provider begin to send out information about the transfer out process.

The FCA has provisionally banned two financial advisers for “acting without integrity” in relation to SIPPs pensions advice involving £10m of investments.

Investment platform AJ Bell has reported a 47% increase in pre-tax profit £61.4m for its first half of 2024 which ended on 31 March (HY23: £41.9m).

SSAS specialist Whitehall Group has launched a new self-invested personal pension (SIPP) plan focusing on commercial property and standard assets which it said marks a return to the "original purpose of SIPPs."

Investment manager and Financial Planner Abrdn has introduced a more simplified charging structure on its Wrap platform, including cutting prices by up to 15bps.

The number of Britons looking to release money from their property to fund their retirement has risen to 61%, according to a report from the Equity Release Council.

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