Aj Bell

SIPP provider AJ Bell has called on the government to reverse some of its income drawdown reforms.

Helen Morrissey looks at whether recent reports mean large scale SIPP provider consolidation is on its way.

RPI-linked annuities will count towards the minimum income requirement (MIR) for flexible drawdown, the final Finance Act 2011 has confirmed.

Differences in the various pension protections available to savers against changes to the lifetime allowance (LTA) could leave almost a thousand investors worse off, AJ Bell said.

AJ Bell has announced a launch date for its upgraded Sippcentre platform, which will include a low cost investment ISA and dealing account.

Suffolk Life will launch its SmartSIPP by the end of June.

The government is likely to review draft income drawdown rules forbidding the use of RPI-linked annuities for the minimum income requirement (MIR), specialist providers have said.

Barnett Waddingham (BW) has reduced by more than £120 the SIPP set-up fees for clients introduced by a financial adviser.

AJ Bell has changed the terms and conditions (T&Cs) of its SIPP products allowing it to pass on the costs of FSCS and FSA levies to investors in the future.

AJ Bell boosted its assets under administration 20% in the six months to the end of March, from £12.6bn to £15.1bn.