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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.

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The difference between the best and worst annuity in the open market could pay an extra £13,240 in income or £662 a year over a typical 20-year period, according to Canada Life.

The transfer value a typical DB pension could attract fell below £150,000 in October for the first time since last year’s mini budget, according to pensions and SIPP firm XPS Group.

Pensions and SIPP firm XPS Group has reported a 23% growth in revenues to £94.5m for the latest half year.

After years of sharp growth in participation during the roll-out of auto enrolment, workplace pension growth has stalled, according to new data from the Department for Work and Pensions.

Pensions could become more like a bank account into which different employers have to pay, under a shake-up expected in the Autumn Statement.

Average annuity rates climbed to 7.25% for a 65-year-old in September, up from 7.11% in June, according to the Standard Life Annuity Rate Tracker.

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