Xafinity

Xafinity, a major player in pensions administration, has launched a flexible SIPP with a menu charging structure which will allow clients to pay for what they use.

Nearly 40% of defined contribution scheme members are losing an estimated £225m from their pension pots by failing to take advantage of matching contributions from employers.

Although pension deficits have now decreased to £26bn, the accounting measurement Financial Reporting Standard 17 (FRS17) is hiding the underlying volatility of scheme deficits, claims Aon Consulting.