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Ombudsman rules in client's favour over Sipp related complaint

The Financial Ombudsman Service has ruled in favour of a client who complained over advice to transfer the value of his protected rights into a new Sipp.
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Extra FSCS levy looms due to growing claims linked to Sipps

Advisers have been warned they face an extra FSCS levy next year as a result of rapidly growing claims related to Sipps.
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Huge jump to 1.5m in people seeking state pension forecasts

In the six months after the launch of the new State Pension in April more than 1.5 million personal State Pension forecasts were issued, says the Department for Work and Pensions.
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CEO to get ban over 'unsuitable' Sipp-related advice

An adviser is set to be banned and fined over 'unsuitable' advice related to switching pension funds via Sipps into unregulated investments.
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FCA may introduce tougher scrutiny of retirement income sector

The FCA is mulling proposals to introduce two new regulatory returns to collect more data about the retirement income market from providers of retirement income products.
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  1. Fears that SSAS could be victim of scam crackdown
  2. Govt to examine pensions cold call ban after planner campaign
  3. Campaigner: Don't let cold call ban fail due to investments
  4. FCA wants consideration of greater pooling of pension fund assets

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