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The sales of two types of Sipp offered by AXA Wealth have risen over the last year, the firm has reported.

Sipp related claims against financial advisers who are no longer trading have continued rising, The Financial Services Compensation Scheme said today. 

There will be 'dismay' among those working in the Sipp sector, a key figure at Barnett Waddingham says, after an FCA fired a broadside over 'unacceptable' widespread failings.

The FCA has today sent a damning letter to all Sipp operators telling them there are still widespread failings which put consumers' pension savings at "considerable risk".

A pensions firm has reported the trend towards including commercial property in new Sipps has continued, with a further increase this year.

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