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Complaints Management Companies (CMCs), now regulated by the FCA, have spurred a big jump in SIPPs complaints with the number almost doubling to 3,811 in the last financial year, up from 2,000 in 2017-2018.
Most pension trustees (88%) have expressed fears that scheme members will face “predatory attention” from scammers.
Now Pensions has revealed it has submitted an application for master trust authorisation to The Pensions Regulator (TPR).
More than 20 per cent of clients of IFA firm deVere Group have sought advice on moving UK assets out of Britain since the Brexit vote in 2016.
A survey has found that 99% of the 70,000 Defined Benefit scheme members who quit each year are transferring their money to a SIPP.
A corporate professional trustee firm has been fined £103,750 for breaching multiple areas of pension law.
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