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Pensions administrations business is behind a growth in recurring revenues at the STM Group and a slight increase in underlying revenue for the first half of 2020, however profits for the group have fallen.

Nearly half of financial advisers who currently offer pension transfers may quit the market in the next 12 months, new research has warned.

Chartered Financial Planner Jack McVitie, the founder and chief executive of retirement advisory firm LEBC, has died at 57 after a short illness.

 

Industry experts have expressed concern about the Government’s confirmation it will legislate to increase the age the Pension Freedoms can be accessed from 55 to 57 from 2028.

SIPP provider Curtis Banks saw a 4% increase in assets under administration to £28.6bn in the first six months of 2020.

The Gaudi SIPP has continued to grow and attract new clients despite lockdown and now has over 20,000 SIPPs under its administration. According to data from MoretoSIPPs, this moves Gaudi into the top twenty SIPP providers for the first time.

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