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There has been an increasing trend among Sipp clients to buy land with their pension funds, a Sipp firm has reported.

Momentum Pensions, a Malta-based international pension specialist and independent pension trustee, has launched its first UK SIPP residents called the Momentum SIPP.

Glasgow-based SIPP provider @sipp has acquired Essex-based Alfa Trustees Limited as a part of a drive to expand in the south of England.

Sipp and SSAS provider Charles Stanley wants to be the “UK’s leading wealth manager” by 2020 and will launch a separate Financial Planning arm as part of this strategy.

Fewer than one in four over-50s who have paid off their mortgage use the extra cash they save to boost retirement savings, according to new research.

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