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Nearly 3,600 consumers have been compensated for wrongly being advised to switch savings into ‘risky’ assets within SIPPs – at a cost of £105m.
Taylor Patterson has promoted two members of staff within its SIPP and SSAS pensions’ team.
Two Sipp firms have reported profits in their latest results, with one returning to growth after two years of losses.
Around six out of 10 specialist retirement advisers admit they have been caught out by unexpected SIPP charges from providers, new research suggests.
The ombudsman has ruled against an advisory firm over a Sipp transfer for which the introducer was unregulated, despite “limited evidence” it was providing advice.
A pensions company is bidding to take some of its rivals' market share in the Sipp market through revamping its website with a sharper focus on cost transparency.
James Hay is fighting an HMRC charge of nearly £2million in connection with a probe into a non-standard investment.
The Ombudsman has ruled against adviser firm Sesame in a case surrounding advice for a Sipp transfer.
Momentum Pensions has launched a new Sipp and overhauled its existing products to show ‘clearer charges’.
Advisers have almost wholeheartedly backed SSASs despite calls for a ban.
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