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FCA fines 3 over £6m ‘marketing fees’ for high-risk SIPP
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Three financial advisers who pocketed almost £6m in ‘marketing fees’ relating to an SIPP which included inappropriate high-risk bonds, have been penalised almost £4m by the FCA and prohibited from any regulated activity.
Read more: FCA fines 3 over £6m ‘marketing fees’ for high-risk SIPP
13,112 teachers quit pension scheme in 12 months
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The number of teachers opting out of the Teachers’ Pension Scheme has climbed 14% to 13,112 during the past 12 months, data collected by the Department for Education has revealed.
Wealth manager with SIPP arm ordered to return assets
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The High Court has approved a plan to return money and customer assets to clients of failed Newcastle-based wealth manager WealthTek which has a SIPP arm.
Read more: Wealth manager with SIPP arm ordered to return assets
Average pension transfer times fall by 14%
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Average transfer times for DC pensions fell by 14.2 in the 18 months to the end of June 2024, according to new figures published by fintech Origo.
Pensions Dashboards Week to be held in September
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An industry-wide awareness week on pensions dashboards will return in September and will feature a range of online events designed to encourage knowledge sharing, insight, and best practice as companies prepare for the dashboards connections starting in eight months.