A SIPP consultant has critcised the Financial Conduct Authority (FCA)’s new rules for a stronger nudge towards pension guidance.

SIPP provider iPensions Group has completed the migration of Forthplus SIPP customers following its acquisition of the business assets of the Edinburgh business.

April saw a record number of pension benefits being awarded to NHS members, indicating a significant jump in those retiring.

Clients are increasingly including the cost of care in their discussions with their adviser, allocating around £60,000 per year for later life care, according to Financial Planners.

The Financial Services Compensation Scheme (FSCS) has called for the £85,000 compensation limit to be reviewed for pension claims.