The FCA has secured a bankruptcy order against father and son directors of a collapsed SIPP introducer who failed to pay back £10.7m in restitution to clients.

The FSCS has declared nine financial services firms - including failed SIPP provider Rowanmoor - in default during December and January, including several financial advisers.

SIPP and SSAS provider body the Association of Member-Directed Pension Schemes (AMPS) has called on the DWP to announce a timetable for decisions over the future of its general levy.

The Financial Services Compensation scheme has declared two financial advice firms as failed including a firm which provided advice on SIPPs.

The FCA has cancelled the permission of KBFS Financial Limited (FRN: 831504) to carry out regulated business following restrictions imposed in October over concerns about its failure to pay redress to former members of the British Steel Pension Scheme.

The FSCS has declared a Portuguese financial firm involved in the UK SIPP market in breach of its regulatory permissions as failed.