Pensions

TailorMade Independent, a distributor of Harlequin Property investments, has had its permissions changed to restrict its ability to carry on new pensions business.

Nottingham-based advisory firm Investment Sense has launched a web service that enables advisers and consumers to rate their Self Invested Personal Pension (SIPP) purchases.

TailorMade, a UK distributor of investments in Harlequin Property, has said it stopped taking new money into the overseas property scheme in January following a Financial Services Authority (FSA) alert about Harlequin.

There could be 1.5 million self-invested personal pensions (SIPPs) by 2018 despite FSA regulation potentially contracting the number of providers in the market, according to John Moret.

A law firm has warned that some property investments made with Harlequin Group via a self-invested personal pension (SIPP) may have breached lending rules.

Aviva has scrapped plans to add a group ISA and group SIPP to its employee benefits platform, Work:Life.

As many as one in three new self-invested personal pensions (SIPPs) with Dentons is investing direct into UK commercial property, the highest rate the provider has seen.

Hornbuckle Mitchell has launched a sole trustee self-invested personal pension (SIPP) to the adviser market.

The Financial Services Authority (FSA) has written to pension providers asking them for details of members' holdings in Harlequin Property, a UK based overseas property sales agent that is not regulated.

Self-invested personal pension (SIPP) provider Stadia Trustees has stopped accepting all new business.