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Sipps operators could have to hold a minimum of £20,000 in capital under new proposals from the Financial Services Authority today.

Sipp provider Suffolk Life is set to acquire around 1,700 Sipps from Pointon York after the firm's decision to close its PY Sipp scheme.

Pensions company London and Colonial has expanded its range with the launch of a new multi-platform Sipp and multi-platform open annuity.

Steve Webb MP, minister of state for pensions, has confirmed auto-enrolment will take the approach of 'pot follows member'.

Ashcourt Rowan has been fined £412,000 by the Financial Services Authority for legacy issues relating to its Savoy Investment Management business.

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FSA may quadruple minimum capital for Sipp operators to £20k