Displaying items by tag: Sipp

Ahead of the new Consumer Duty requirements, the FCA has warned SIPP operators to ensure standards of conduct are high amid concerns about problems in the sector.

Three quarters of consumers have no idea what pension acronyms such as SIPP or ESG mean, according to a new study.

SIPP providers will be required from June to “strongly nudge” pension savers to get government-funded pension guidance when they decide to access their pension savings, the FCA confirmed today.

London-based SIPP and SSAS consolidator Wilton has signed a deal to acquire SSAS firm Bespoke in the latest move in a rapid acquisition drive.

The Serious Fraud Office has secured an increased confiscation order against former stockbroker and convicted Ponzi scheme fraudster Nicholas Levene.

This last 10 months has been difficult for everyone, one way or another, but for pension schemes with property it has been a particularly difficult time.

I spent several hours one morning this week poring over my old G60 manual to help work out some ‘scheme specific protected tax-free cash’ calculations in respect of some pre-2006 occupational pension scheme benefits for an adviser.

It seems as if the SIPP sector has been waiting for the judgments on a number of court cases in recent years. As we get clarity on one, we still await another and these can have implications for not only how a SIPP firm operates, but on advisers and their clients.

Options Pensions has launched a Sharia SIPP in partnership with Islamic investment group Wahed Invest.

The recent judgment in the HMRC v SIPPchoice case, published in May, was in relation to tax relief on in-specie contributions. This case has been ongoing for a number of years and it would appear that we finally have resolution.