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The Financial Services Compensation Scheme (FSCS) has revealed it has so far paid out £1.1m to former Active Wealth clients hit by the British Steel pensions debacle.
As the last of the mince pies are eaten and the decorations all taken down, thoughts turn to what 2019 will bring for the SIPP market. While SIPPs received a lot of negative attention in 2018, advisers and their clients still see the benefits of investing in this tax efficient way.
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Experts have hailed the onset of a ban on pensions cold calling which came into force today.
SIPPs and SSAS firm Talbot and Muir has warned that many SSAS arrangements are being charged high fees but receiving little or no service.
SIPPs firm Curtis Banks has revealed that its chief financial officer, Paul Tarran, is to stand down and resign from the board.
MPs on the Works and Pensions Committee have voted to investigate contingent charging on pension transfers but some in the industry are sceptical about the benefits of such a move.
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