New pension investments (excluding transfers) soared by almost a quarter in 2016, rising from £14bn in 2015 to £17.4bn, suggesting a recovery in pension savings.
A well known former adviser and trainer of advisers has been handed a nine year disqualification.
The FOS has ruled against an IFA firm over a Sipps case, concluding that ‘unsuitable advice’ was given.
The FCA has revealed that four Sipp operators have failed to meet the requirements of the new capital adequacy rules.
Sipps professionals have expressed sadness and surprise, while also expressing fears for clients, after the FCA revealed four firms had failed over new capital adequacy rules.