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Centralised Retirement Propositions take off
The number of financial advisers adopting Centralised Retirement Propositions (CRPs) is expected to rise significantly from 48% to 71% over the next 12 months, according to new research.
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RPI change could slash pension income by 21%
The Pensions Policy Institute has warned that a Government change to the inflation measure could cut lifetime pension income by up to 21%.
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£7m SIPPs adviser is banned for 8 years
A Wolverhampton financial adviser has been banned for 8 years after clients lost £7m due to poor pension investment advice involving SIPPs.
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FSCS opens door to Berkeley Burke claims
The FSCS yesterday (1 April) declared Berkeley Burke SIPP Administration Ltd a failed firm and opened the door to claims that could eventually top £150m.
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FCA relaxation of 10% drop letter rule is welcomed
Andy Bell, chief executive of platform and SIPP provider AJ Bell, has welcomed news that the rules on 10% ‘investment drop’ letters will be relaxed for six months.
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