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Sipp provider Suffolk Life is holding a series of seminars nationwide to help financial advisers understand Sipps.

Pension provider Xafinity has cut its SimplySipp full set-up fee by £100 to just £150 plus VAT per client.

Prudential says that one in six high earners can expect to see their child benefit payments reduced under new rules and an estimated 36,000 taxpayers could increase their pension savings to avoid the new tax.

Sipp provider Mattioli Woods has seen its revenue increase by 33 per cent to £20.5m, up from £15.4m in 2011.

One in four higher rate taxpayers do not contribute to a pension, according to Prudential, despite the attraction of tax relief.

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