The Financial Services Compensation Scheme (FSCS) said it expects the number of advisory businesses declared in default as a result of its investigations into self-invested personal pension (SIPP) advice to rise above the current four.
Self-invested personal pension (SIPP) providers "must feel very nervous" today, according to a law firm, after the Financial Ombudsman Service (FOS) made a "game changer" of a decision against Berkeley Burke SIPP Administration.
The Financial Conduct Authority (FCA) has found evidence of poor pension transfer advice, and, in a separate review, has written to the CEOs of self invested personal pensions (SIPP) providers raising concerns over firm failings.
What's behind the spike in compensation claims handled by FSCS?
Pension contributions are likely to increase following the Chancellor's sweeping retirement income changes announced in the Budget, advisers predict.
In this week's quick-fire Retirement Planner poll we ask: Should a permitted investment list be reinstated for SIPP providers?
Financial Services Compensation Scheme (FSCS) chief executive Mark Neale is "increasingly concerned" by the rising number of claims the service is receiving that are linked to advice to move pensions into risky assets held in self invested personal pensions...
Should a permitted investment list be reinstated for SIPP providers?
Self-invested personal pension provider Barnett Waddingham has launched a ‘Flexible SIPP' to meet what it said was demand from advisers.
Platform Ascentric has removed the set up and transfer-in costs on its in-house self invested personal pension (SIPP) and cut its annual tax wrapper fee from £150 to £100.