The recent decision by Revenue Scotland regarding Land and Buildings Transaction Tax in Scotland (LBTT) and its application to in-specie transfers between SIPP or SSAS providers brought to a close a period of almost two years of involvement for Morton Fraser in the debate surrounding the issue in Scotland, writes Fergus McDiarmid of Morton Fraser.
Expanding SIPP provider Curtis Banks Group has reported operating revenue up 47% to £43.6m and pre-tax profits up 31% to £5.9m in the 12 months to December 2017.
Some 17% of financial advisers have changed their preferred platform in the last 12 months as dissatisfaction with service levels grows.
The founder of a SIPP firm has predicted ‘casualties’ within the Sipps market in coming months.
An ex-adviser who turned client and says he lost £30,000 due to a pension transfer delay has been successful in his complaint against Intrinsic Financial Planning.