Sipps operators could have to hold a minimum of £20,000 in capital under new proposals from the Financial Services Authority today.
Sipp provider Suffolk Life is set to acquire around 1,700 Sipps from Pointon York after the firm's decision to close its PY Sipp scheme.
Pensions company London and Colonial has expanded its range with the launch of a new multi-platform Sipp and multi-platform open annuity.
The Sipps market has powered ahead in recent years but are too many providers chasing too few customers? Sally Hamilton talks to leading planners to assess the health of the sector.
E-commerce provider Origo has today published an independently-researched White Paper highlighting how the complexities of the Sipp transfer processes are hindering service to financial advisers and potentially risking the reputation of the Sipp market.
Curtis Banks PLC has announced today that it has acquired the Full SIPP business of Alliance Trust Savings which will result in the transfer of almost 6,000 Sipps worth approximately £2bn in assets under management.
Martin Tilley, head of technical support at Dentons Pensions, has forecast that "a third to a quarter" of Sipp providers could quit the market in the next few years.
Sipp provider Hornbuckle Mitchell has cut its Sipps set-up fees by 30 per cent to celebrate its 30th anniversary.
Sipp provider and Institute of Financial Planning sponsor Suffolk Life has reached £5bn in assets under administration this month.
Sipp provider Suffolk Life is holding a series of seminars nationwide to help financial advisers understand Sipps.