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Pension withdrawals continued to soar in the third quarter of 2018 leading to suggestions that some pensions savers are treating their pensions like bank accounts, dipping in to withdraw cash when they need it.
AMPS has urged its members to absorb lessons from the recent Berkeley Burke SIPP judicial review but says the case is “no game changer” for the majority of firms.
The FCA has written to SIPP firms to reiterate regulatory commitments following the judgement in the Berkeley Burke case.
Experts breathed a sigh of relief as Philip Hammond’s Budget yesterday avoided a tax raid on pensions.
FCA data showed an increase in the number of complaints about regulated firms, with more than four million complaints during the first half of 2018.
Discretionary fund manager (DFM) and Sipp provider Greyfriars Asset Management has slumped into administration.
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