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Pension and decumulation complaints up at FOS
The Financial Ombudsman Service received a total of 95,349 complaints between 1 July and 31 December 2023 compared to 79,921 complaints in the same period in 2022.
Adviser hit by 463 claims is declared in default
The Financial Services Compensation scheme has declared City of London-based adviser firm Alexander David Securities Ltd (FRN 469150) in default.
XPS Pensions creates 11 new partners
Pensions consulting and administration business XPS Pensions Group has promoted 147 people including 11 new partners across its actuarial, pensions, investment, covenant, administration and SIPP businesses.
AMPS warns of HMRC rejecting SSAS approvals
SIPP and SSAS provider body the Association of Member-Directed Pension Schemes (AMPS) has warned that an increasing number of Small Self-Administered Schemes (SSAS) approvals are being rejected by HMRC.
1 in 2 self-employed people have no pension or SIPP
Two-fifths of self-employed people – 41% – are risking an uncertain retirement because they aren’t paying into a personal pension, according to new data from investment platform CMC Invest.
James Jones-Tinsley: LTA axe – an ‘Unfinished Symphony?’
We’re now in the new tax year and the Lifetime Allowance has officially been abolished – well, for now at least.
£432m deal to buy Mattioli Woods nears completion
The £432m private equity acquisition of SIPPs and Financial Planning firm Mattioli Woods has moved ahead this week with over 95% of shareholders voting in favour.
FSCS declares 12 firms in default in 8 weeks
The Financial Services Compensation Scheme (FSCS) has declared 12 regulated firms in default in February and March including major SIPP provider Hartley Pensions.
FCA rejects accusations of poor response to BSPS fiasco
The FCA has responded robustly to complaints about the time it took to provide redress to victims of the British Steel Pension Scheme (BSPS) scandal.
FSCS declares Glasgow firm as failed over SIPP claims
The Financial Services Compensation Scheme (FSCS) has declared Glasgow-based Atlantic Investors (Scotland) Ltd (FRN: 182565) as failed.