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.
In the financial services world we are already surrounded by numerous committees. But that didn’t stop the FSA from setting up a new one–excitingly branded the Coordination Committee (CC).
In this month's Inquiry, we ask readers to give us their views on the SIPP market - Helen Morrissey goes through the results