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SIPP and platform provider AJ Bell has been forced to pay £500 to a customer to compensate for loss of interest.

International SIPPs provider STM Group achieved record growth in profits and boosted revenue, according to the company’s latest results.

The recent decision by Revenue Scotland regarding Land and Buildings Transaction Tax in Scotland (LBTT) and its application to in-specie transfers between SIPP or SSAS providers brought to a close a period of almost two years of involvement for Morton Fraser in the debate surrounding the issue in Scotland, writes Fergus McDiarmid of Morton Fraser.

Expanding SIPP provider Curtis Banks Group has reported operating revenue up 47% to £43.6m and pre-tax profits up 31% to £5.9m in the 12 months to December 2017.

Some 17% of financial advisers have changed their preferred platform in the last 12 months as dissatisfaction with service levels grows.

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