Two people working at Sipp firms could be facing enforcement action from the Financial Conduct Authority.
The FCA has finalised its guidance to firms offering annuity comparisons online after a review found 92% of websites failed to be clear and fair.
The changing landscape in pensions created by the Government's overhaul of the system will form part of a wider probe into the annuities market.
There is likely to be a further delay to the Sipps capital adequacy consultation, the annual conference of AMPs - the providers' association - heard this week.
The FCA has warned that some firms offering consumers 'free pension reviews' are using Sipps and SSAS to transfer people into high risk unregulated investments.
The FCA has issued a warning to firms advising on switches to Sipps after an assessment found "serious and ongoing failings".
The FCA has banned two partners at a Welsh firm of financial advisers for their role in a £112m Sipp-based investment strategy that saw nearly 2,000 of their customers advised to invest in high risk investments such as diamonds and overseas property via a Sipp.
A senior FCA figure has warned against predictions of doom about the annuities market following the radical pension reforms announced in the Budget.
With all the recent chatter about drawdown reform, no one spotted that the Government would advocate unrestricted access to pension pots for all.
The FCA has confirmed that the third thematic review into Sipp providers will be published in June.
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