SIPP

Leading SIPP experts discuss transparency, possible rule changes and regulatory intervention.

John Moret discusses the implications of the new drawdown regime, suggesting a more illustrative pensions systems.

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

Pensions provider AJ Bell has added an ISA and a dealing account to its Sippdeal platform, and will now offer an annual fund rebate of up to 0.5% across all three accounts.

Advisers must ensure clients are not caught out by little-known flexible drawdown rules this year, SIPP provider Talbot and Muir warns.

Montpelier Pension Administration Services (MPAS) is planning to sell its SIPP business.

Pension experts warn investors could be stuck in poorly performing plans, as transfering out could lead to a loss of income following changes to drawdown rules.

SIPP and wrap providers who do not currently pay VAT on fees for their services could find they are actually liable, warns Malcolm Small, policy director at the Tax Incentivised Savings Association (TISA).

IFAs have been told they need to be familiar with the flexible drawdown terms offered by their SIPP providers if they are to take advantage of the new income drawdown framework.

SIPPs have lost 'millions of pounds' as a result of the collapse of Keydata, providers say, as the scale of the deficits slowly come to light.