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XPS Pensions Group has made a new senior appointment at its London office.

The Financial Ombudsman has reported a rise in the number of SIPP complaints it upheld in its third quarter to 59% in the period from Oct to December.

Xafinity SIPP and SSAS Services, part of the XPS Pensions Group, has reported an increased level of activity in commercial property transactions in 2018.

Mattioli Woods, the wealth manager and SIPP firm, has made 18 staff redundant from a workforce of 622 as it pushes through “operational efficiencies” following a period of rapid expansion and acquisition.

A director at Aegon has blasted today’s revelation that advisers will have to pay £175m in levy payments to the FSCS as “unfair”.

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