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.
Sipps related claims are behind a £20m interim levy on life and pensions intermediaries announced by the FSCS today.
Dangers lie ahead for consumers under plans for the re-selling of existing annuity contracts, a Sipps firm has warned.
The final Budget of this Parliament may feature plans which could lead to a new market in second-hand annuities.
Liberty Sipp has snapped up a sales manager from Talbot and Muir.
Special breakfast events to help advisers untangle the web of rule changes to pensions – particularly their impact on Sipps and SSAS - will take place in April.
A Sipp firm has announced it is launching an "improved version" of one of its products in response to demand from advisers as the drawdown rules change.
A Sipp provider has warned financial advisers to avoid getting caught out by Easter falling over the tax year end.