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SIPP compensation claims above predictions have forced the Financial Services Compensation Scheme (FSCS) to ask financial advisers and providers to chip in an extra levy of £23.9m.
The FCA has appoointed Charles Randell, a former partner at law firm Slaughter & May, as its new chairman. He will take over from 1 April.
The rapid growth in the number of pension transfers will continue this year, according to the respected global actuary and consultancy firm Willis Towers Watson.
Moneyfacts Star Ratings for Self Invested Personal Pensions (SIPP) and Small Self Administered Schemes (SSSAS) markets have been released.
The Canada Life Group has completed its acquisition of rival provider Retirement Advantage, a provider of annuities, equity release and other retirement products.
SSASs have been in for a bit of a battering over the last year or so. Tainted by misuse from scammers, efforts to control the rogues have had serious implications for legitimate businesses trying to set up and run these small occupational schemes.
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