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The private equity acquisition of SIPPs and Financial Planning firm Mattioli Woods has been delayed by a month due to delays in getting approval by the Government due to national security.

London-based IFA firm Donre Advisory Limited (FRN 513993), which previously traded as Basi & Basi Financial Planning Limited and has a SIPP subsidiary, has gone into liquidation two months after the FCA imposed restriction on its business activities.

Some 2.8 million over 50s in the UK have returned to work after being previously retired, according to new research from Legal & General.

The Government has been urged to announce a Pensions Bill during the King’s speech at the state opening of Parliament tomorrow.

The cost of a moderate retirement income is £25,000 per year for a single person and £36,480 for a couple, according to data from Hargreaves Lansdown’s savings and resilience barometer, published today.

The Financial Ombudsman Service received 1,460 new complaints about SIPP products over the past year, according to its annual report on complaints.

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