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Less than a third of members of the Nest Pension scheme are paying into their retirement pots, according to new data released under an FOI request.

The Association of Member-Directed Pension Schemes (AMPS), a trade body for SIPP and SSAS providers, has reappointed Debbie Seaton of Seabridge SSAS as its chair.

SIPP and SSAS provider InvestAcc Group has completed its acquisition of the AJ Bell Platinum SIPP and SSAS business for £25m.

The SIPP market has grown strongly in the past year with a record 6m+ SIPPs in force and £650bn invested, according to MoretoSIPPs, the specialist consultancy headed by SIPP industry veteran John Moret.

More than a third of people aged 60 to 78 have no plans for their tax-free cash, meaning they are risking a knee-jerk reaction to Budget rumours they could regret.

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