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So, Budget 2015 brought us another change to the lifetime allowance (LTA), with the proposal to reduce it from £1.25 million to £1 million. This now seems to be the pension policy of choice for at least two of the main political parties.
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The Sipp as originally envisaged by former Chancellor Nigel Lawson is "now an endangered species", a leading expert says, as the 25th anniversary of its creation was marked.
Two former directors have been banned by the FCA for failing to assess the suitability of investments made through Sipps for their customers.
Sipps related claims are behind a £20m interim levy on life and pensions intermediaries announced by the FSCS today.
Chancellor George Osborne has confirmed in his Budget today that 5m people will get the freedom next year to sell on their annuities for cash.
A Sipps administrator has expressed disappointment that the lifetime allowance is to be cut from £1,250,000 to £1m.
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