The pensions industry must act swiftly and decisively itself on ‘excessive’ exit fees or it will be forced to do so by new legislation, a Sipp firm expert says.
Talbot and Muir has launched a free SSAS review service for advisers.
There were ten whistleblowing complaints about the Sipp sector in 2014/15, the FCA has revealed.
The proportion of Sipp related complaints which were upheld by the Financial Ombudsman Service in the first quarter this financial year was lower than the trend over the last two years.
A new Peer to Peer lending and crowdfunding platform review service has been launched by Sipp Investment Platform.
Average compensation payouts for Sipp related claims increased by around 50%
to £16,375, the FSCS has revealed this morning.
Nearly 1,500 new Sipps have been opened by Liberty Sipp in the last year, the company reported, as it revealed its assets under management have jumped by 81%.
A SSAS provider has urged advisers to review their SSAS books of business following HMRC's increased controls on the new fit and proper test.
A SSAS and Sipps firm has announced it is doubling its pool of investment managers which provide access to discretionary fund management services.
An increase in ombudsman complaints about UCIS has been predominantly driven by the rise in complaints from consumers who had taken out Sipps.