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The Canada Life Group has completed its acquisition of rival provider Retirement Advantage, a provider of annuities, equity release and other retirement products.

We wish all readers a Merry Christmas and a very prosperous New Year in 2020 from the team at SIPPs Professional.

Former DVLA chief executive Oliver Morley has been named as the new chief executive of the Pension Protection Fund.

Pension investments rose by 66.3% year on year in the third quarter to hit £13.4bn fuelled by transfer business, particularly transfers to SIPPs, according to analysis from intermediary database provider Equifax Touchstone.

Platform and SIPP provider AJ Bell saw pre-tax profit tax increase by 29% to £21.7 million for 2017 as the company’s growth strategy in recent years paid dividends.

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