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Two firms have been told they must pay compensation to clients after unsuitable advice relating to a SIPP.

Liberty SIPP has posted its strongest ever year of growth with it now having £2.64bn assets under administration.

Talbot and Muir, SIPP and SSAS firm, was celebrating its 25th anniversary as assets under administration hit £2.5bn.

New data from investment and planning software firm Selectapension, indicated a growing demand for advice on transfers from DB pension schemes.

Pension and finance companies have been placed in provisional liquidation following an Insolvency Service probe.

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Firms lose FOS cases over unsuitable advice for SIPPs