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The sale of IFA Saunderson House has been abandoned by parent company IFG Group, parent company of SIPPs firm James Hay.

SIPP and platform provider AJ Bell has been forced to pay £500 to a customer to compensate for loss of interest.

International SIPPs provider STM Group achieved record growth in profits and boosted revenue, according to the company’s latest results.

The FCA has warned that some consumers who choose to take pensions drawdown without advice are failing to engage with the process and are risking financial “harm.”

The Financial Conduct Authority has today proposed a ban on contingent charging on pension transfers and reaffirmed its view that DB transfers should be considered unsuitable unless there is a good reason to transfer.

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