SIPP

The administrator of the sales arm of the troubled Harlequin Property group has racked up fees of more than £28,000 in its first ten days in the role.

Hornbuckle Mitchell has posted a 5% revenue increase and 21% growth in year-on-year earnings for 2012, announced less than a month after the firm sold a controlling stake to two private investors.

SIPP TIPS

Pension providers who automatically increase clients' drawdown income to 120% GAD could push clients into a higher tax bracket warns Hornbuckle Mitchell.

The Public Interest Unit of the Insolvency Service is looking into the administration of the sales arm of Harlequin Property, IFAonline understands.

Cashflow problems could see investors struggle to pay rent on commercial properties held in SIPPs.

Retirement Planner's round-up of the top pension stories this week.

A group of Harlequin Property investors is seeking to agree a process with the company to facilitate the review of all investments through self-invested personal pensions (SIPPs) or those which have utilised a re-mortgage.

Retirement Planner's round-up of the top pension stories this week.

Wealth manager Mattioli Woods has acquired the pension administration business of Ashcourt Rowan in a deal which could be worth more than £1.3m.