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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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Annuity rates have climbed again meaning a 65-year-old with a £100,000 pension pot should be able to buy an annuity income of up to £7,144 per year, up from £7,027 two weeks ago and an increase of 20% on the same period last year.

Professional body the London Institute of Banking & Finance has been acquired by German educational technology provider IU Group for an undisclosed sum.

Wealth manager and platform Quilter says the ‘stronger nudge’ towards pensions guidance, introduced a year ago, has so far produced “lacklustre” results and needs to be beefed up.

Adviser platform Transact has criticised the approach some other platforms have taken towards cash handling and the use of cash interest.

The Department for Work and Pensions has proposed pushing back the deadline for mandatory adoption of the Pensions Dashboards Programme to October 2026.

The Financial Services Compensation Scheme has declared in default a Sipp adviser firm and three other advice firms.

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