The Financial Ombudsman Service has ruled in favour of a client who complained over advice to transfer the value of his protected rights into a new Sipp.
Advisers have been warned they face an extra FSCS levy next year as a result of rapidly growing claims related to Sipps.
An adviser is set to be banned and fined over 'unsuitable' advice related to switching pension funds via Sipps into unregulated investments.
Sipp property investors are being penalised by a rule change made by the the Scottish Government, a Sipps firm says.
In six months’ time, April 2017, all Sipp providers will need to have changed their illustration systems so that they show the margin they retain on cash holdings, writes Elaine Turtle, director of DP Pensions.