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The Bank of England has today increased its base rate by 25 basis points from 0.25% to 0.5% - the first increase for 10 years.

Parmenion, the DFM and platform tech provider, has cut its initial fee and initial dealing charges to zero for all new business and top ups including SIPPs.

Pension specialist and SIPP provider Momentum Pensions has appointed Heather Smyth to the new role of group legal counsel.

International SIPP provider STM Group has backed its chief executive Alan Kentish following his arrest in Gibraltar over allegations connected to a tax dispute and alleged failure to disclose the proceeds of crime.

SSAS provider Rowanmoor has been reappointed by Standard Life to provide administration for its small self-administered scheme (SSAS) portfolio for a 10-year term effective from 1 October.

Nearly half of Pension Freedom users say they fear running out of cash in retirement, according to new consumer research from SIPP and platform provider AJ Bell.

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