Back in 2001 - when we almost succeeded with a MBO of the Sipp provider I was running (Personal Pension Management Ltd long since defunct) – I was questioned by the VC who was backing us about the sustainability of the interest “turn” that we derived from the pooling of bank accounts.
The proportion of Sipp complaints upheld by the Financial Ombudsman Service has fallen to below half in the last quarter – despite a rise in new cases compared to last year.
A Sipps and SSAS firm has decided to scrap all member “transfer out” fees for UK based schemes.
A senior consultant at a Sipps firm has blasted the Government’s failure to explain the State Pension changes clearly enough.
A Sipp and SSAS provider has assembled teams from a host of finance firms to square up against each other on the football field.
Sipp provider Mattioli Woods has agreed an £8,300,000 deal to take over SSAS and Sipp administration firm Taylor Patterson.
The number of Sipps administered by Curtis Banks jumped by 115% in the first half of the year, as the company reported a 67% profit increase today.
There will be a shift in the Sipp sector towards firms either restricting their offering to standard assets or offering a full Sipp investment offering including non-standard investments, an industry expert has forecast.
A Sipp has been made available on a new direct-to-consumer online platform aimed at retirees.
A director at Mattioli Woods has confirmed his firm is holding talks with troubled Sipp providers and the FCA to look at possible solutions ahead of the revamped capital adequacy rules taking effect next year.