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  • The SIPP market has grown strongly in the past year with a record 6m+ SIPPs in force and £650bn invested, according to MoretoSIPPs, the specialist consultancy headed by SIPP industry veteran John Moret.

  • The Association of Member-Directed Pension Schemes (AMPS), a trade body for SIPP and SSAS providers, has reappointed Debbie Seaton of Seabridge SSAS as its chair.

  • Less than a third of members of the Nest Pension scheme are paying into their retirement pots, according to new data released under an FOI request.

Latest News

Many advisers are failing to provide pension transfer advice of an "acceptable standard" says the FCA which is to scrutinise the harm to consumers from advisers who levy ‘excessive fees and charges.’

More than 30 financial advisory firms have quit the pension transfer advice market in the past three months after struggling to find professional indemnity insurance cover, the Personal Finance Society has said.

December was the fourth month in a row where pension transfer values monitored by XPS fell, although the number of people making a transfer rose.  

Soaring SIPP claims have forced the Financial Services Compensation Scheme to increase its levy for 2020/21 by £87m to £635m. 

Former Pensions Minister Sir Steve Webb is to become a partner at growing pensions and investment consultancy Lane Clark & Peacock LLP.

SIPP and platform provider AJ Bell has launched its Retirement Investment Account (RIA) today - a new low-cost pension with a ‘streamlined’ investment proposition.

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