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Alliance Trust Savings, a provider of Sipps, Isas and shardealing, has reported assets under administration on its i.nvest platform have reached £5 bn following a sustained period of inflows since the start of the year and continuing adviser interest.
Bury-based pension trustee and scheme administrator Whitehall has called on pension planners to consider using SSASs rather than Sipps for company directors, business owners and their families, saying the benefits of SSAS are being overlooked.
Towry, a wealth adviser which runs its own in-house Sipp service, has warned that the impending further reduction in the pension lifetime allowance - due next April - will mean that many individuals with a well-funded pension pot will need to consider their options.
Only high earners earning over £50,000 per annum and yet to join a pensions auto-enrolment scheme have increased the amount they are saving towards their retirement over the past year, the 2013 Scottish Widows Workplace Pensions Report has revealed.
The Financial Conduct Authority has said it may launch a probe into annuities following its 'market study' into the £1 trillion UK cash savings market announced today which will look at whether consumers are getting a good deal.
Suffolk Life has confirmed it has reached 20,000 Sipps under management.
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