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As the UK moves into the 7th week of lockdown and the world has changed beyond all recognition, it has also been a time of reflection.

The Financial Services Compensation Scheme received 4,100 extra SIPP and pensions claims 2019/20 than it expected, resulting in increased cost of £3.9m.

It is hard to believe that the first SIPP was sold over 30 years ago.

It is quite hard to believe that we have just welcomed in the start of a new decade as 2020 begins.

Xafinity SIPP/SSAS has reached the milestone of having 2,000 commercial properties under administration for our clients.
The Financial Services Compensation Scheme (FSCS) has received 733 claims against Berkeley Burke Sipp Administration Limited (BBSAL).
Starting a pension for a child is a very long-term investment, and probably one only considered by high net worth individuals who have used every available tax wrapper to the max. Given the most that can be paid in for someone with no earnings is £3,600 gross a year, it’s important that any pension started is low-cost or the tax benefits can quickly be wiped out.
Over half of technical queries received by SIPP operator Curtis Banks over the past month have concerned the subject of death benefits.

Recent developments in the Brexit saga and an inevitable snap general election led the Government to put the Sajid Javid’s Autumn Budget on hold last week to focus on getting Brexit done.

I joined the industry at the start of 2005, when A-day was approaching and a whole new world of simplified pensions was on the horizon.
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