The Pensions Regulator should be given the power to remove websites that are suspected of pension liberation, a pensions firm says.

About 20.5 million people may be planning to rely exclusively on a state pension to help fund their retirement, fresh estimates have suggested.

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

I don't know about you but I'm becoming rather disillusioned with the SIPP market and the bad news stories that seem to be more regular and more alarming.

A Sipp operator has been told to compensate an investor after the Financial Ombudsman Service ruled it had failed to ensure that an investment was suitable.

Assets under management have shot through the £1bn barrier at Parmenion, with the company also announcing positive feedback on its new Sipp.