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Xafinity, a specialist in pensions and employee benefits, has reported with sales of Sipps rising by 46 per cent, and SSASs up 27 per cent in 2012.

Dentons Pension Management has acquired RSM Tenon's bespoke Sipp arm Tenon Pension Trustees Limited for an undisclosed sum.

Sipp provider AJ Bell has acquired financial magazine publisher MSM Media for an undisclosed sum.

Sipp provider Talbot and Muir has questioned the Financial Services Authority's decision to omit commercial property from its list of standard assets.

Sipps operators could have to hold a minimum of £20,000 in capital under new proposals from the Financial Services Authority today.

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