From SIPP litigation to defined benefit (DB) transfer tribulation, Professional Adviser looks back at the most important stories emerging from the retirement sector over the course of 2018.
SIPP claims blamed for additional FSCS levy 2018 kicked off with an issue that would raise its head again and again over the year - rising self-invested personal pension (SIPP) claims. In January, the Financial Services Compensation Scheme (FSCS) issued an additional £24m levy demand, citing the rising number of SIPP claims as the reason - but this would not be the last time the lifeboat fund asked for more money. In November, a 'supplementary-supplementary' levy of £69m was requested from the lifeboat scheme due to - that's right - additional SIPP claims. Aegon and PensionBee have a ...
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