A co-founder of a leading Sipps firm says the FCA is looking to the sector to become smaller but formed of well-run, financially strong operators.
Sipp contributions more than trebled compared to the previous year, Fidelity International’s pension inflow figures showed.
A Sipp and ISA firm, which went into administration this week, has been bought by Embark Group, the parent company of Hornbuckle, it was announced this morning.
Key figures from 25 businesses that deal with Sipps attended a meeting this week to agree on a plan to move to a new electronic reregistration system.
AXA Wealth’s specialist Sipp and investment platform grew funds under management by 13 per cent to £20.7bn in 2015.