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FCA fines 3 over £6m ‘marketing fees’ for high-risk SIPP
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.
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13,112 teachers quit pension scheme in 12 months
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.
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Wealth manager with SIPP arm ordered to return assets
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.
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Average pension transfer times fall by 14%
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.
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Pensions Dashboards Week to be held in September
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.
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