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Investec is to shut its direct to consumer Click & Invest online arm after operating losses topped £25m over the past two years in a move which will end the operation's SIPP ambitions too.
Complaints Management Companies (CMCs), now regulated by the FCA, have spurred a big jump in SIPPs complaints with the number almost doubling to 3,811 in the last financial year, up from 2,000 in 2017-2018.
Most pension trustees (88%) have expressed fears that scheme members will face “predatory attention” from scammers.
Now Pensions has revealed it has submitted an application for master trust authorisation to The Pensions Regulator (TPR).
More than 20 per cent of clients of IFA firm deVere Group have sought advice on moving UK assets out of Britain since the Brexit vote in 2016.