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HM Revenue & Customs says it is taking steps to tackle the increasingly sophisticated models being used by so-called pension liberation companies.

A Sipp scheme was used by two Surrey-based investments advisers who have have been fined a total of £885,000 and been banned by the FCA from holding any position at a financial firm.

The Association of Member-Directed Pension Schemes (AMPS) - the Sipps and SSAS providers' body - has appointed James Hay's head of technical support Neil MacGillivray as chairman.

The Prince of Wales has urged the pensions industry to move away from "quarterly capitalism" towards longer term investment values to secure the future for pensions and the environment.

Origo, an e-commerce standards and services body for financial services, has gone live with what it says is the industry's first automated system for re-registration of pension assets.

The Financial Conduct Authority has confirmed how it will use its new power to publicise warning notices by publishing information about proposed enforcement action.

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