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FSCS declares Glasgow firm as failed over SIPP claims
The Financial Services Compensation Scheme (FSCS) has declared Glasgow-based Atlantic Investors (Scotland) Ltd (FRN: 182565) as failed.
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Pension scammers acting with impunity says industry body
Pension scammers are acting with impunity as few have ever been held to account, according to industry body The Pension Scams Industry Group (PSIG).
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End of tax year surge for SIPPs with deluge of top ups
There was a last-minute surge of activity from SIPP investors at the end of the tax year as they used the week after the Easter bank holiday to max their annual allowances.
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Men are biggest victims of £2bn pension and SIPP losses
Almost £2bn has been lost from UK pension pots and SIPPs since 2019 because of financial advisers and providers going out of business, according to new data from the Financial Services Compensation Scheme.
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More advice needed as 58% of pension pots cashed out
More than half of all pension pots are still being cashed out in full, as fewer people seeking professional guidance, new figures from the FCA have revealed.
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