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Independent review calls for improvements at SIPP firm

A skilled persons review has called for a raft of compliance and governance improvements at international SIPP and cross border financial services group STM which saw its chief executive arrested in Gibraltar last year.
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Directors admit illegally opting staff out of pension scheme

Senior staff at a national recruitment agency tried to save money by impersonating their temporary workers to opt them out of their workplace pension scheme. 
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Dispute over ‘mandatory’ cashflow modelling for DB transfers

A dispute over whether cashflow modelling is to become “effectively mandatory” for DB transfers has broken out between a software firm and the FCA.
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Most pension savers prefer ‘annuities’ to alternatives


New research from wealth management and Financial Planning group Tilney has revealed that most people remain in the dark about what to do with their pensions on retirement but most still want the ‘certainty’ of an annuity-style income.
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Chartered Financial Planner's new firm issues transfer warning

A new firm, Pension Advice Specialists (PAS), which offers advice on pension transfers has warned of a gap in the availability of guidance.
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  1. 7IM warns of ‘retirement crisis’ in new research
  2. Claims management companies to be forced to disclose fees
  3. Aegon fears over ‘demonising’ of SIPPs
  4. Mattioli Woods stops providing DB transfer advice

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