Several advice firms are braced for FCA punishments after consumers were advised to switch their mainstream personal pensions into Sipps through ‘improper delegation’ to unauthorised firms.
A consultant has swapped Sipps firms by making the move to Talbot and Muir from Xafinity.
Transfers into Sipps are up 36% over the year and transfers of pensions into drawdown products doubled since April, new analysis released this morning has shown.
Women could be faced with a significant retirement shortfall as the gap between both attitudes towards saving and savings levels widens with men as they get older.
James Hay has added 11,000 Sipps in the first 10 months this year – nearly double that of the whole of 2014.
SSAS sales at Xafinity have risen every quarter this year, the firm reported, with about a typical year’s worth coming in just six months.
Origo, the e-commerce standards and services body for the financial services sector, has signed up Talbot & Muir as its 75th brand for the Options Transfers service.
Xafinity Sipp & SSAS says it has recorded twice as many “second hand” property Sipps being transferred from other Sipp providers into their Sipp contract.
Women in the UK are setting their sights “significantly lower” than men when it comes to how much money they need to live comfortably in retirement.
A former Disney manager is set to bring a sprinkling of fairy dust to a Sipps firm.