The Serious Fraud Office has today charged David Ames, chairman of the Harlequin Group of companies, a property company used by Sipp investors, with three counts of Fraud by Abuse of Position, contrary to section 1 of the Fraud Act 2006.
An executive director at The Pensions Regulator has called for pension transfers to SSAS to be banned.
The proportion of Sipp complaints upheld during this financial year is higher than the last, with one quarter still to go.
The FCA has warned pension scheme operators over failing to identify non-standard assets.
A Sipp provider has re-affirmed its commitment to offering non-standard investments despite James Hay banning NSIs for new customers.