Two Sipp firms have reported profits in their latest results, with one returning to growth after two years of losses.
When Theresa May called a snap General Election in April, few would have envisaged the outcome resulting in a hung parliament and no Conservative majority.
Around six out of 10 specialist retirement advisers admit they have been caught out by unexpected SIPP charges from providers, new research suggests.
The ombudsman has ruled against an advisory firm over a Sipp transfer for which the introducer was unregulated, despite “limited evidence” it was providing advice.
A pensions company is bidding to take some of its rivals' market share in the Sipp market through revamping its website with a sharper focus on cost transparency.
Pensions are complicated enough for providers, advisers and clients to administer and understand.
Regular readers may recall that my blog in November 2016 focused on HMRC unexpectedly challenging SIPP providers on whether net pension contributions could be made in specie, (that is, a change of legal ownership without any sell/buy transactions), and still receive tax relief.
New pension investments (excluding transfers) soared by almost a quarter in 2016, rising from £14bn in 2015 to £17.4bn, suggesting a recovery in pension savings.
As we all know the FCA issued a consultation on the Financial Services Compensation Scheme (FSCS) funding under CP16/42 and this is under review. The last time these rules were reviewed was in March 2013.
A well known former adviser and trainer of advisers has been handed a nine year disqualification.