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Xafinity to buy Punter divisions for £153m

Sipp provider and pensions consultant Xafinity has announced plans today to buy several divisions from rival Punter Southall Holdings for up to £153m.

UK investors save average of 11.3% of income for retirement - study

Non-retired UK investors are saving a higher portion of their income for retirement than those in Europe, according to the annual Schroders Global Investors study.

Pension savers underestimate retirement income needs

Most people underestimate how much they need to save for retirement, according to a new study by Seven Investment Management (7IM).

Blick Rothenberg makes first acquisition as part of growth strategy

Blick Rothenberg, the accounting tax and advisory firm with a growing Financial Planning arm, has made its first acquisition.

Chief exec of Alliance Trust steps down after 5 years at helm

Patrick Mill, chief executive of platform and Sipp provider Alliance Trust Savings, has stepped down from the after role five and half years at the helm.

FCA acts on unregulated firm promoting SIPP investments

The FCA has begun civil proceedings in relation to “alleged misleading statements” on pension investments by a lead generation firm called Avacade Investment Options.