The Sipp as originally envisaged by former Chancellor Nigel Lawson is "now an endangered species", a leading expert says, as the 25th anniversary of its creation was marked.
Sipps related claims are behind a £20m interim levy on life and pensions intermediaries announced by the FSCS today.
Chancellor George Osborne has confirmed in his Budget today that 5m people will get the freedom next year to sell on their annuities for cash.
A Sipps administrator has expressed disappointment that the lifetime allowance is to be cut from £1,250,000 to £1m.
Dangers lie ahead for consumers under plans for the re-selling of existing annuity contracts, a Sipps firm has warned.
The final Budget of this Parliament may feature plans which could lead to a new market in second-hand annuities.
Liberty Sipp has snapped up a sales manager from Talbot and Muir.
An influential group of MPs has questioned if there is strong enough protection for savers under the new pensions rules.
Another six centres have been announced to provide the new face to face pensions guidance service Pension Wise.
Special breakfast events to help advisers untangle the web of rule changes to pensions – particularly their impact on Sipps and SSAS - will take place in April.
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