The taxman has rubbished a report stating that many retirees will be "clobbered" with a 45% tax next April.

Changes to pension rules have provided members of older schemes with a "rare window of opportunity" to transfer to a new pension arrangement and retain any higher tax-free lump sum, a Sipps firm believes.

The James Hay Partnership has reported a "dramatic" increase in funds on platform.

A veteran pensions consultant with over 30 years of expertise, specialising in Sipps and SSAS, has left City Trustees to join Talbot and Muir.

More than six out of ten complaints about Sipps to the Financial Ombudsman Service have been upheld since 2013.