A year in retirement: DB transfers, SIPP claims and British Steel

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 ...