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A Sipp firm has reported a surge in enquiries from advisers about succession planning on behalf of their clients.

Demand for annuities appears to have climbed, with sale increases suggesting somewhat of a recovery since the slump in April, research has shown.

Parmenion has reported that its profits have risen by 45% to nearly £1.7m in the last year following the development of its in-house Sipp.

The pensions industry must act swiftly and decisively itself on ‘excessive’ exit fees or it will be forced to do so by new legislation, a Sipp firm expert says.

A Leicestershire-based firm of independent financial advisers is to create its own white labelled full Sipp.

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