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The FCA has launched a probe into possible ‘harm’ to consumers in the non-workplace pensions market.
Dentons Pension Management Limited, one of the larger providers and administrators of SIPPs, has acquired Sippchoice, a London-based SIPP provider for an undisclosed sum.
One in four employers (27%) is planning to launch financial education initiatives for staff in the next three years, according to research covering more than 2,000 employees.
Royal London’s director of policy Steve Webb, a former pension minister, believes that HMRC is “out of control” when it comes to over-taxing savers using pensions income withdrawal or buying a second home.
The latest data from the Financial Ombudsman Service suggests SIPP complaints will be 25% up year on year and could top 2,000.