A portfolio of 140 Sipp and SSAS schemes with total funds under trusteeship of £83m has been sold for just £1.
A former international cricket captain will manage Sipp investment portfolios as part of his new role at a Financial Planning firm.
Complaints and compensation claims about advice relating to Sipps will continue to rise, with an extra 500 cases predicted for the next financial year, the FSCS warned today.
Growing numbers of complaints about Sipps have been blamed for a jump in the levy advisers will have to pay next year.
A ruling from the Pensions Ombudsman regarding a Sipp could make it harder for providers to stop customers from transferring to possible scam schemes, an expert believes.
A senior figure at a Sipp provider fears that a failure to clarify the new capital adequacy rules could lead to worried firms going too far in an attempt to meet requirements and therefore end up increasing costs for clients.
The Association of Member-Directed Pension Schemes has failed with its attempt to bring a Judicial Review concerning the new capital adequacy rules, it has just been revealed.
A decision on whether a Judicial Review concerning the new capital adequacy rules will be allowed to go ahead should be known in the next few weeks.
Three company directors have begun long jail terms after the first in a number of Serious Fraud Office cases to come to trial involving the mis-selling of investment products connected with Sipps.
Retirement wealth planning firm James Hay has laid out plans to introduce greater flexibility for clients as the pension reforms kick in next April.