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Adviser hit by 463 claims is declared in default
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The Financial Services Compensation scheme has declared City of London-based adviser firm Alexander David Securities Ltd (FRN 469150) in default.
XPS Pensions creates 11 new partners
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Pensions consulting and administration business XPS Pensions Group has promoted 147 people including 11 new partners across its actuarial, pensions, investment, covenant, administration and SIPP businesses.
1 in 2 self-employed people have no pension or SIPP
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Two-fifths of self-employed people – 41% – are risking an uncertain retirement because they aren’t paying into a personal pension, according to new data from investment platform CMC Invest.
Read more: 1 in 2 self-employed people have no pension or SIPP
AMPS warns of HMRC rejecting SSAS approvals
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SIPP and SSAS provider body the Association of Member-Directed Pension Schemes (AMPS) has warned that an increasing number of Small Self-Administered Schemes (SSAS) approvals are being rejected by HMRC.
£432m deal to buy Mattioli Woods nears completion
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The £432m private equity acquisition of SIPPs and Financial Planning firm Mattioli Woods has moved ahead this week with over 95% of shareholders voting in favour.
Read more: £432m deal to buy Mattioli Woods nears completion