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Platforms and pensions consultancy the lang cat, has hit out at direct investment charging structures, which it says leave investors with “all the pieces of a jigsaw puzzle but no clear picture of what the finished version should look like.”   

SSAS veteran EBS Pensions has reported an 18% increase in client numbers to 16,600 and a significant increase in profitability in 2017 under new owners the Embark Group.

Sipp provider Aviva’s adviser platform boosted assets under management by 11% in the first half of this year.

At first glance, how the Financial Conduct Authority (FCA) intends to improve retirement outcomes for non-advised consumers may appear of little relevance to advisers. And with no short supply of regulatory changes affecting their businesses’, many advisers might have concluded that the time spent reading CP18/17 was more a luxury than a necessity.

It is almost exactly one year since Revenue Scotland reversed its decision to levy Land and Buildings Transaction Tax (LBTT) on in-specie transfers between SIPP or SSAS providers. The reversal followed almost two years of industry debates, and indeed efforts to have the original decision overturned.

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