A third of Financial Planners have reported an increase in demand for pension consolidation advice over the past year, according to a new report.
The Financial Services Compensation Scheme (FSCS) has told clients of failed SIPP provider Forthplus Pensions to bring claims against their financial advisers.
Read more: Claim against your adviser failed SIPP provider clients told
The Financial Ombudsman Service (FOS) has upheld two complaints about Integrity IFA’s advice involving unregulated investments in SIPPs and scolded the advice firm for ignoring both clients and the ombudsman.
Read more: Integrity IFA scolded by ombudsman for ignoring client complaints
Revenue increased 29.4% to £31.7m at SIPP provider Curtis Banks for the first half of 2021, but adjusted profit before tax remained steady at £6.3m.
Read more: Profits hold steady as revenue rises at Curtis Banks
The Financial Conduct Authority (FCA) has ordered that Cambridgeshire SIPP provider DAC Pensions Limited be placed into insolvency after the firm accepted business from unauthorised introducers without the proper vetting required by the FCA.