STM Group, parent company of SIPP provider Options, has agreed to acquire the SIPP and SSAS portfolio of US asset manager and pension consultancy Mercer.

The cross-party Health and Social Care Committee has described pension tax rules a “national scandal” in a new report.

The Financial Services Compensation Scheme has declared two advice firms in default with over 88 pension transfer claims between them.

A new survey warns that many Baby Boomers - those aged 58-75 bracket - are being forced into early retirement and would prefer to retire later - past 70 in many cases.

It’s been eight months since the DWP made changes to the statutory right to transfer. Over that time the number of transfers being held up by the new anti-scam measures appears to have steadily increased.