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A four-year-old boy undergoing gruelling treatment in his battle against a rare form of cancer will be the inspiration for a Sipp firm boss this weekend.

Sipp provider Suffolk Life has reported a significant increase in the number of capped drawdown applications in the lead up to 6 April when the opportunity to set up new plans disappears.

The Sipp as originally envisaged by former Chancellor Nigel Lawson is "now an endangered species", a leading expert says, as the 25th anniversary of its creation was marked.

Two former directors have been banned by the FCA for failing to assess the suitability of investments made through Sipps for their customers.

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