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We wish all readers a Merry Christmas and a very prosperous New Year in 2020 from the team at SIPPs Professional.

Pension investments rose by 66.3% year on year in the third quarter to hit £13.4bn fuelled by transfer business, particularly transfers to SIPPs, according to analysis from intermediary database provider Equifax Touchstone.

Former DVLA chief executive Oliver Morley has been named as the new chief executive of the Pension Protection Fund.

Platform and SIPP provider AJ Bell saw pre-tax profit tax increase by 29% to £21.7 million for 2017 as the company’s growth strategy in recent years paid dividends.

The UK’s ageing workforce is in crisis as most are in the dark when it comes to knowing the true cost of retirement and how much they need to save, says a survey by Aviva.

The FCA plans to scrap the application process to convert Approved Persons to Senior Managers as part of new proposals to overhaul the authorisation of individuals.

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