Some 17% of financial advisers have changed their preferred platform in the last 12 months as dissatisfaction with service levels grows.
The founder of a SIPP firm has predicted ‘casualties’ within the Sipps market in coming months.
The run up to the end of the tax year can be a very busy time for advisers and is an ideal time to ensure that clients review their expression of wishes form. Trustees do have the discretion to select who will receive benefits, but will of course take account of any in an expression of wish form.
An ex-adviser who turned client and says he lost £30,000 due to a pension transfer delay has been successful in his complaint against Intrinsic Financial Planning.
Sipp provider AJ Bell has announced a 40% cut to management fees on its Managed Portfolio Service.
James Hay could be facing a tax penalty of £20 million over the biofuel investment Elysian Fuel.
The FCA has launched a probe into possible ‘harm’ to consumers in the non-workplace pensions market.
AMPS, which trade association which represents most UK SIPP providers, has written to the FSCS to question its statements on three SIPP providers recently declared in default by the scheme.
SIPP provider STM Group - which owns UK-based London & Colonial - is to move its HQ from Gibraltar to the UK following the arrest and release last year of its chief executive.
SIPP provider Momentum Pensions has hired Bernie Saker as business development manager for the Middle East & Asia.