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James Hay bosses say they are focused on “getting the basics right” on service but acknowledged there was “some way to go”, as the firm reported an adjusted operating profit £7.1 million.

Curtis Banks will examine possible acquisitions of good quality Sipp books this year, it said this morning, after announcing a profits boost.

The Chancellor has come under fire again today over another of his Budget proposals, as critics attack his “wholly ill-conceived and utterly misguided thinking on QROPS”.

A pensions mis-buying crisis is looming unless there is further action to increase the take up of advice, LV= is warning.

A new drawdown comparison table has been created to show both Personal Pensions and Sipps.

James Hay is overhauling its charges, it revealed this morning, with some fees set to be axed and a new structure established.

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