Smaller Sipp firms will be best placed to meet the challenges ahead in the sector over the coming year, the managing director of Liberty Sipp believes.

New guides explaining the sweeping reforms to pensions in "plain English" have been created for advisers and retirees.

The sweeping reforms to pensions introduced in the Budget have increased the need for regulators to protect consumers, the chairman of the FCA has said.

Advisers have reported a significant jump in clients seeking advice since the sweeping reforms to pensions were announced in March.

The Sipp market will ultimately split into two, one of the leading sipp providers has predicted, while another believes platform Sipps will take the majority of business in future.

Young men are wising up to the need to get a pension sorted early in their working lives but women are lagging a long way behind, according to researchers.