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Action by The Pensions Regulator resulted in an employer prioritising members of a DB scheme over profits.
Pensions group XPS, owner of the Xafinity SIPP and SSAS business, has launched XPS Transfer Watch, a service to track pension transfers by value and activity.
Investec is to shut its direct to consumer Click & Invest online arm after operating losses topped £25m over the past two years in a move which will end the operation's SIPP ambitions too.
Complaints Management Companies (CMCs), now regulated by the FCA, have spurred a big jump in SIPPs complaints with the number almost doubling to 3,811 in the last financial year, up from 2,000 in 2017-2018.
Most pension trustees (88%) have expressed fears that scheme members will face “predatory attention” from scammers.
Now Pensions has revealed it has submitted an application for master trust authorisation to The Pensions Regulator (TPR).
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