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XPS Pensions Group has completed the £42.5m sale of XPS Pensions (Nexus) Limited, principal employer and scheme funder of the National Pensions Trust (NPT), to SEI.

Two out of five married couples are keeping their families in the dark when it comes to their plans for passing on wealth, new research suggests.

New research suggests that 43% of advised clients expect to work past standard retirement age and 29% are actively considering retiring overseas.

The FCA has secured a Restraint Order under the Proceeds of Crime Act 2002 against collapsed Newcastle-based wealth manager WealthTek, a parent company to a SSAS and SIPP investments provider. 

SIPP and SSAS provider professional body the Association of Member-Directed Pension Schemes has expressed “strong opposition” to the DWPs consultation on the general levy for pension schemes.

It is now two years since new pension transfer regulations were brought in to help the fight against fraudsters. The new rules give pension scheme trustees the power to stop transfers if they think the member is at risk of being scammed.

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