Xafinity is warning that thousands of SSAS trustees could face fines from HM Revenue and Customs if their SSAS has been managed incorrectly.
Sipp provider Xafinity has seen a 108 per cent increase in the number of new property Sipps being set up.
UK corporate pension deficits increased by £50 billion to £629 billion in July, according to Sipp provider Xafinity's corporate pension deficits tracker.
Sipp provider Xafinity wants legislation developed to allow Sipps and SSASs to invest in the conversion of retail properties for residential usage.
Sipp provider Xafinity has launched an expert witness service to provide forensic actuarial and investment advice in disputes over financial loss.
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.
After the mixed reactions to DWP's paper, 'Government response to the consultation: Improving transfers and dealing with small pension pots', Xafinity, the UK pensions and payments specialists, is encouraging the Department to push forward with a virtual amalgamation tool for pensions.
Pension provider Xafinity has cut its SimplySipp full set-up fee by £100 to just £150 plus VAT per client.
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