More than four in ten retirees (42%) surveyed by Standard Life said they regretted failing to seek financial advice.
Read more: More than 4 in 10 retirees regret failing to take advice
The Financial Services Compensation scheme has today declared three financial advice firms as failed, including two SIPP-related and one linked to BSPS.
Read more: FSCS declares three pension and SIPP firms in default
A report this morning from Hargreaves Lansdown found that the pension gender gap continues to grow.
People saved 18% more into their Hargreaves Lansdown SIPPs in the current tax year up to the end of December when compared to the previous year (April-December).
The UK’s SIPP market is about to top £500bn with five million SIPP investors, and could reach £1tn by 2030, according to a new report published this morning.
Read more: SIPP market set to top £500bn from 5 million investors