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1 in 5 retirees are ‘pensioner millionaires’ study finds

Analysis of Government figures by pension and investment firm Aegon has found there are 840,000 retired couples in the UK who have a weekly income which would cost more than £1.15m if bought as an annuity.
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SIPPs investment parking firms go into administration

Four parking scheme firms, investments in which were sold through SIPPs providers, have slumped into administration.
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Pension changes could cause £260bn ‘accounting gap’

XPS Pensions Group has revealed pension changes could lead to a £260bn accounting gap.
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Mattioli Woods managing director to stand down

Mattioli Woods group managing director Murray Smith is to stand down, the firm has revealed today.
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Defaqto releases guide to pensions drawdown

IFA Defaqto has released an updated version of its annual guide to pensions drawdown, in conjunction with Prudential.
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  1. Three fund managers pump nearly £40m into Embark
  2. Embark Group transformation sees a return to profits
  3. Firm holds financial education event for 30 students
  4. FSCS pays out £473m as SIPPs payouts rise

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