The proportion of Sipp complaints upheld during this financial year is higher than the last, with one quarter still to go.
I have just been reading the appeal of an unauthorised payment charge on a Sipp member where an investment was made into a company and from this investment a loan was made to the member.
The FCA has warned pension scheme operators over failing to identify non-standard assets.
A Sipp provider has re-affirmed its commitment to offering non-standard investments despite James Hay banning NSIs for new customers.
An extra £36m Sipp-related bill for advisers has sparked calls to bring back a permitted investments list.
Advisers categorised as pensions and life intermediaries face paying an extra £36m to the FSCS next year due to rising cost of Sipps.
Sipp providers that still accept non-standard investments will exit the market or will have to raise fees in future, a Sipp firm director has suggested.
Sipp specialists say there is still an appetite and a place for non-standard investments, after James Hay banned them for new customers.
The industry body representing Sipp and SSAS providers has handed out a trio of Honorary Lifetime Memberships.
Reduction in the MPAA: a sign of things to come?
Sitting here amidst a post-Christmas lull, whilst tucking into a seventh meal comprised of turkey, my mind naturally drifts to the Autumn Statement consultation about reducing the Money Purchase Annual Allowance (MPAA) from £10,000 to £4,000 with effect from 6 April 2017.
Sitting here amidst a post-Christmas lull, whilst tucking into a seventh meal comprised of turkey, my mind naturally drifts to the Autumn Statement consultation about reducing the Money Purchase Annual Allowance (MPAA) from £10,000 to £4,000 with effect from 6 April 2017.