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London & Colonial believes the RDR will mean advisers need to stop relying on off-the-shelf Sipps.
City Trustees, a subsidiary firm of Mattioli Woods, has acquired the pensions business of Ashcourt Rowan for £1.3m.
Sipp provider Hornbuckle Mitchell has sold a 60.34 per cent stake in the business to two private investors.
The Financial Conduct Authority (FCA) has banned Kevin Wells, the managing director of Montpelier Pension Administration Services Limited (MPAS), from performing any significant influence function at any regulated firm, and also censured him.
Pension specialist London & Colonial has expressed concern that some advisers may continue to promote questionable esoteric and overseas property developments.