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Total membership of occupational pension schemes has reached the highest level since the figures were first recorded by the ONS in 1953.
A former director at Suffolk Life has predicted a “very rosy future” for the Sipp sector, in particular providers that offer a more personalised, bespoke service.
The former Minister “who made pensions sexy” claims that the new LISA is “an abomination” and is more likely to prompt cash splurges on Lamborghinis than the pension freedoms have.
A common governance body for pension transfers is needed to overcome the problems that currently exist, as the industry is “doing spectacularly badly”.
The chairman of the Association of Member Directed Pension Schemes will step down tomorrow.