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Two former directors have been banned by the FCA for failing to assess the suitability of investments made through Sipps for their customers.
Sipps related claims are behind a £20m interim levy on life and pensions intermediaries announced by the FSCS today.
Chancellor George Osborne has confirmed in his Budget today that 5m people will get the freedom next year to sell on their annuities for cash.
A Sipps administrator has expressed disappointment that the lifetime allowance is to be cut from £1,250,000 to £1m.
I write this aware that this is truly a 'First World Problem', so to speak, but political risk is a huge concern for those currently involved in pension planning.
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