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Sipp provider Mattioli Woods has agreed an £8,300,000 deal to take over SSAS and Sipp administration firm Taylor Patterson.
The number of Sipps administered by Curtis Banks jumped by 115% in the first half of the year, as the company reported a 67% profit increase today.
Pensioners will have £15 more in 2020 than they need every week to afford a decent standard of living, according to a report assessing the impact of the summer Budget.
There will be a shift in the Sipp sector towards firms either restricting their offering to standard assets or offering a full Sipp investment offering including non-standard investments, an industry expert has forecast.
Thousands of pensioners could be left penniless and spending their retirement in poverty, a saving provider has warned, following news that savers have withdrawn £2.5billion since the reforms took effect.