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  • The FCA has stepped in to remove all regulatory permissions from London-based IFA Verus Financial Services Limited (FRN 765214) after a number of "deliberate" breaches of existing restrictions.

  • Inheritance tax (IHT) receipts for the government were up £84m year on year to £5.8 billion in the first eight months of the 2025/26 tax year, according to HMRC data out today.

  • The latest issue of Financial Planning Today magazine - sister publication to SIPPs Professional - is available and includes an exclusive Cover Feature on the YouTube Financial Planners breaking new ground and reaching millions via the platform.

  • The management buy out (MBO) of Global Pension Corporation (GPC), formerly known as SIPP and SSAS provider STM Group, has been completed today, the firm has said.

Latest News
The Financial Conduct Authority’s final rules on Capital Adequacy imply that fixed term cash deposits that cannot be realised within 30 days will have to be classed as a ‘non-standard’ asset.
Last December, the Financial Conduct Authority released Handbook Notice No. 28.

The minimum capital adequacy requirements for directly authorised personal investment firms will be doubled to £20,000 next June.

The latest FCA statement on the new capital adequacy rules strengthens the view that commercial property is, in most cases, a standard asset, a pensions expert says.

The FCA has published what it called ‘minor changes’ to its new capital adequacy rules this afternoon – with one expert saying the original proposals had been ‘watered down’.

Sipp inflows for January to September increased by nearly £3bn compared to the same period last year, according to data which covers 90% of the UK’s leading life and pensions companies.

A premier league of five to seven major providers will own about 90% of DC workplace pension scheme assets by 2020, industry experts have forecast.

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