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Better Retirement Group Ltd, a pension adviser which has used nearly 40 trading names including SIPP Club, has today been placed under investigation by the Financial Services Compensation Scheme.

Two advice firms have been declared failed by the Financial Services Compensation Scheme this week, including a Financial Planning firm which has 25 pension transfer claims against it, including BSPS cases.

Discretionary fund manager and SIPP provider 7IM has added an Adventurous Plus model to its Blended Model Portfolio Service (MPS) range.

Adviser platform and SIPP provider Parmenion is to acquire Chartered Planner-run investment firm EBI Portfolios for an undisclosed sum.

The FSCS has received nearly 3,000 claims against 116 advice firms involved in recommending pension products from failed SIPP firm Rowanmoor.

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