The FCA has revealed that four Sipp operators have failed to meet the requirements of the new capital adequacy rules.
James Hay bosses say they are focused on “getting the basics right” on service but acknowledged there was “some way to go”, as the firm reported an adjusted operating profit £7.1 million.
Having just had the last Spring Budget, delivered by a very humorous Chancellor Philip Hammond, it is back to the day job, with thankfully few further changes to our ever complex pensions regime.
A new drawdown comparison table has been created to show both Personal Pensions and Sipps.
James Hay is overhauling its charges, it revealed this morning, with some fees set to be axed and a new structure established.
Talbot and Muir has changed its data capture process after HMRC ramped up its due diligence.
Fergus McDiarmid, Partner and Property in Pensions Team Lead at Scottish law firm Morton Fraser, writes about why he believes the Sipp sector is showing resilience in difficult times.
As I am getting older, I don’t know if my tolerance levels are lower than they once were but at the moment, every time I read a story about the number of SIPP complaints being received by The Financial Services Compensation Scheme and Pensions Ombudsman it makes my blood boil.
The Serious Fraud Office has today charged David Ames, chairman of the Harlequin Group of companies, a property company used by Sipp investors, with three counts of Fraud by Abuse of Position, contrary to section 1 of the Fraud Act 2006.
An executive director at The Pensions Regulator has called for pension transfers to SSAS to be banned.