Pensions

Pointon York is to use the Origo Options Transfer service on all pension transfer business it conducts.

Advisers and agents selling clients investments in Caribbean villas run by Harlequin Property received commissions of up to 15%, according to a lawyer close to the situation.

James Hay, the self-invested personal pension provider (SIPP) provider, has seen sales rise 125% in the first quarter of the year, according to latest results.

Pension savers affected by the lifetime allowance reduction - set to come into force from April next year - should start taking action now to minimise the risk of breaching the limit, a wealth manager has said.

Suffolk Life has confirmed product and operations director Will Self will become managing director of the firm.

The administrator of the sales arm of the troubled Harlequin Property group has racked up fees of more than £28,000 in its first ten days in the role.

Hornbuckle Mitchell has posted a 5% revenue increase and 21% growth in year-on-year earnings for 2012, announced less than a month after the firm sold a controlling stake to two private investors.

SIPP TIPS

Suffolk Life has acquired the self-invested personal pension (SIPP) business from Yorkshire-based wealth management business Pearson Jones.

The Public Interest Unit of the Insolvency Service is looking into the administration of the sales arm of Harlequin Property, IFAonline understands.