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The taxman has rubbished a report stating that many retirees will be "clobbered" with a 45% tax next April.

Changes to pension rules have provided members of older schemes with a "rare window of opportunity" to transfer to a new pension arrangement and retain any higher tax-free lump sum, a Sipps firm believes.

A veteran pensions consultant with over 30 years of expertise, specialising in Sipps and SSAS, has left City Trustees to join Talbot and Muir.

The James Hay Partnership has reported a "dramatic" increase in funds on platform.

More than six out of ten complaints about Sipps to the Financial Ombudsman Service have been upheld since 2013.

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