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An Australian-based Financial Planning technology platform provider has bought an English Sipp provider.

About one out of five people are still failing to save anything at all towards their retirement, a report has suggested.

Curtis Banks Group achieved an operating profit of £1.631million and administered 67,161 Sipps in the six months to the end of June.

There is no hiding place for businesses failing to meet the new capital adequacy rules, a Sipp firm managing director says.

The new capital adequacy rules took effect this week but Sipp experts say there are still grey areas that could be problematic.

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Australian Financial Planning tech firm buys English Sipp provider