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Sipp and pensions admin provider Xafinity has recruited Mark Barlow from PwC to help continue the growth of the pensions business.
September saw a reverse of rising pension transfer values with average transfers measured by one provider dropping sharply over the month, falling by 4% from £240,000 in the first week of September to £230,000 by the end of the month.
Xafinity says it supports the announcement from the FCA this week that investment consultants - particularly those who advise pension trustees - are to be referred to the Competition and Markets Authority.
Analysis by a Sipp provider and pension consultancy has uncovered signs of potential scam activity in 1 in 12 pension transfer requests with unauthorised advisers among the worst culprits.
Average pension transfer values during July 2017 remained relatively stable after recent volatility, according to the Xafinity Transfer Value Index.
Pension transfer values continued to show considerable volatility in the second quarter of this year and decreased by 3.7% in June during the month.
Xafinity Group, the specialist in pensions actuarial, consulting and admin services, has recruited Dave Hodges as head of the National Pension Trust from Zurich.
A Sipps firm has announced it is moving to a model with two managing directors.
AJ Bell has called for a reintroduction of the permitted investment list for Sipps as pension transfer values soar and fears grow about a rise in pension scamming.
The new capital adequacy rules took effect this week but Sipp experts say there are still grey areas that could be problematic.
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