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.
A SSAS and Sipps firm has appointed a new business development consultant in response to demand from advisers.
Influential Sipps figures, as well as financial advisers, have voiced support for a permitted list of Sipp investments in the face of growing Sipp regulation.
The volume of compensation claims relating to advice given to consumers to switch from conventional pensions to a Sipp is growing rapidly according to the Financial Services Compensation Scheme.
People aged 50 and above are turning to Sipps in their droves following the overhaul in the pensions system, according to Liberty Sipp.
Parmenion has hired a managing director of a wealth management firm as it continues its plans to grow the business following its recent Sipp wrapper launch.
A SSAS and Sipps provider has hired an experienced actuary and director from KPMG.
Sipp administration firm Mattioli Woods has announced a 25% increase in revenue over the past year.