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A crackdown on pensions liberation has led to HMRC rejecting 362 pension scheme applications in the last nine months.
A pension provider has renewed calls for the introduction of a Sipp permitted investment list after a scathing report from the FCA.
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.
A levy on regulated financial services firms will pay for the Government's pledge of free, impartial retirement guidance, the Treasury confirmed this morning.
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".