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I have been calling for reform of the regulatory framework for SIPPs almost from the time that SIPPs were first regulated in 2007.
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Curtis Banks has predicted the Budget pension reforms will have a beneficial knock on effect on the Sipps sector as it announced today that its profits have more than quadrupled to £3.4 million.
The Budget pension reforms led to about £15m of annuity sales at Legal and General being cancelled, the company reported today.
A newly appointed pension technical manager is set to take up his role at a Sipp firm later this month.
The Tax Incentivised Savings Association will hold two workshops covering key aspects of Sipps for professionals who are new to the sector.