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SIPP complaints double - spurred by CMCs

Complaints Management Companies (CMCs), now regulated by the FCA, have spurred a big jump in SIPPs complaints with the number almost doubling to 3,811 in the last financial year, up from 2,000 in 2017-2018.
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Nearly 9 in 10 trustees fear scammers will target members

Most pension trustees (88%) have expressed fears that scheme members will face “predatory attention” from scammers.
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20% of investors looking to move UK assets abroad

More than 20 per cent of clients of IFA firm deVere Group have sought advice on moving UK assets out of Britain since the Brexit vote in 2016.
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Now Pensions applies for master trust authorisation

Now Pensions has revealed it has submitted an application for master trust authorisation to The Pensions Regulator (TPR).
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99% of exiting DB scheme members move to a SIPP

A survey has found that 99% of the 70,000 Defined Benefit scheme members who quit each year are transferring their money to a SIPP.
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  1. TPR slaps McDonald’s pension trustee with £103k fine
  2. Lords group backs Intergenerational Impact Assessments
  3. HNW investors ‘optimistic and hungry’ according to UBS
  4. XPS Pensions acquires DB scheme firm in £4.8m deal

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