A slight shift to less expensive SIPPs has resulted in a modest improvement in outcomes for pension scheme members choosing to transfer when compared to last year, according to a new survey.

Despite the effect of the Coronavirus pandemic, Charles Stanley Group revenue has increased 1.7% for the second quarter of 2020 year on year due to strong progress from the Financial Planning division.

Interactive investor (ii), the flat fee investment platform, has completed its takeover of rival The Share Centre, creating a group with 570,000 customers.

New UK commercial property rules announced on Wednesday - making it easier to convert commercial properties into residential housing - could hit investors in commercial property using SIPPs and SSAS.

Private sector employee contributions doubled in the past decade from £8.3bn in 2009 to £16.6bn in 2019.