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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

XPS Self Invested Pensions has reported that its commercial property assets under administration grew by 87% in the last year, from £800m to over £1.5bn.

 

Fund manager Vanguard is to axe its low-cost Financial Planning arm which was launched in April 2021.

Pensions Minister Laura Trott said this week that the Pensions Dashboards will be delayed and will miss the 31 August deadline when the first connections were due.

The Financial Services Compensation Scheme has declared four more firms in default, two with links to the British Steel Pension Scheme (BSPS).

Only an average of 123,000 people per year have made Class 3 National Insurance Contributions (NICs) which allow them to fill historic gaps in their NI records and receive a higher state pension over the last five years.

Discretionary fund manager 7IM has launched what it describes as a “pioneering” Retirement Income Solution (RIS) on its platform.

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