Self-invested personal pension (SIPP) providers are at risk of financial failure as they rely too heavily on the money made from retained interest - a practice the regulator could soon be clamping down on, according to FinalytiQ.
SIPP providers are currently 'creaming' up to £50m a year in interest from their clients' cash accounts and may struggle to stay afloat without the income, said the firm's founder, Abraham Okusanya. ...
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