SIPP and SIPP drawdown investors added more diverse assets to their portfolios, including equity income and corporate bonds, in December according to Hargreaves Lansdown figures.
There was a near 10,000 rise in the number of complaints about SIPPs and non-workplace pensions in the first half of 2023, according to the latest FCA Complaints Data report.
Wellington Court Financial Services Limited, which was declared in default by the FSCS in June, has had its temporary permissions revoked by the FCA.
Barnett Waddingham has appointed former St James Place Wealth director Neil Howitt as its new head of SIPP Finance.
The majority of the £403m of claims to the Financial Services Compensation Scheme in 2022/23 were due to investment and pension advice as well as SIPP operator failures.
Read more: Investment and pension advice top £403m FSCS claims