A SIPP consultant has critcised the Financial Conduct Authority (FCA)’s new rules for a stronger nudge towards pension guidance.
Read more: SIPP consultant slams 'poorly timed' FCA pension rules
Nine in ten SIPP millionaires are men, as the gender pension gap continues to bite, according to new research.
The Financial Conduct Authority has banned five directors of financial advice firms from working in financial services and fined them over £1m.
Read more: FCA bans 5 advice firm directors for pension mis-selling
Over two thirds (72%) of financial advisers think providers do not give enough clear and consistent information about how to complete expressions of wishes.
Read more: Advisers frustrated by provider expression of wishes process
The Financial Conduct Authority (FCA) has placed a restriction on Bristol-based SIPP provider Hartley Pensions preventing the firm from taking on any new business.