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The FCA has launched a probe into possible ‘harm’ to consumers in the non-workplace pensions market.

Dentons Pension Management Limited, one of the larger providers and administrators of SIPPs, has acquired Sippchoice, a London-based SIPP provider for an undisclosed sum.

Royal London’s director of policy Steve Webb, a former pension minister, believes that HMRC is “out of control” when it comes to over-taxing savers using pensions income withdrawal or buying a second home.

One in four employers (27%) is planning to launch financial education initiatives for staff in the next three years, according to research covering more than 2,000 employees.

The latest data from the Financial Ombudsman Service suggests SIPP complaints will be 25% up year on year and could top 2,000.

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