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AJ Bell, the rapidly growing platform and Sipp provider, had declined to comment on reports it is planning to float on the stock market.
Some 17% of financial advisers have changed their preferred platform in the last 12 months as dissatisfaction with service levels grows.
Police have raided four homes and businesses as part of an investigation into “poorly-run pension schemes suspected of links to cold-calling”.
The founder of a SIPP firm has predicted ‘casualties’ within the Sipps market in coming months.
National Financial Planner and retirement specialist LEBC has backed the Work & Pensions Select Committee’s call for a ban on contingent charging for pension transfer advice.