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Number of ‘unsustainable’ pension withdrawals hits record high
The proportion of pensions being drawn down at 8% or over has hit its highest recorded level for pots of all sizes, according to analysis of the latest FCA data.
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MC Trustees is concerned about the popularity of so-called esoteric investments and their impact on investors and Sipp providers.
The Financial Services Compensation Scheme is considering whether it will be involved in compensation for clients of HD Administrators.
Sipp provider and investment manager Rathbones is holding a series of events for 16-24 year olds to help them understand finance.
Business leaders need to be "re-engaged" with pensions to increase uptake, according to Geoff Buck from Killik and Co.
Sipp provider Xafinity has seen a 108 per cent increase in the number of new property Sipps being set up.
The Financial Conduct Authority has stated that the policy statement for the Sipp capital adequacy reform will be issued at the end of the year.