Half of Sipp complaints upheld
The UK Financial Ombudsman Service (FOS) has upheld half of the complaints it received about self-invested personal pension schemes (Sipps) so far in 2017/18.
Sipps
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Two Sipp providers partner with platform for worldwide push
Guernsey-based platform Momentum Wealth International has partnered with two well-established expat-focused pension providers, Edinburgh-based Forthplus and the unrelated, multi-jurisdictional Momentum Pensions to give a worldwide push for customised versions of their self-invested personal pension schemes.
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Private bank courts advisers with Sipp launch
Edinburgh-headquartered private bank Hampden & Co has started lending to self-invested personal pension schemes (Sipps) as part of its offering to advisers.
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Vanguard and Sharia added to Momentum range
Advisers and client will be able to choose passive, ethical and Sharia investments and include Vanguard funds in their Sipp after Momentum Pensions expanded its offering.
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Robo killer IFA platform teams with Liberty Sipp
To help IFAs fight back against robo-advisers and make financial advice more affordable, automated investment platform Fundment has teamed up with Liberty Sipp to offer an integrated and low cost self-invested personal pension.
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Sipp sales offset Qrops slump at STM
UK financial services firm STM Group doubled its pre tax operating profit during the first six months of 2017, with new business from self-invested personal pension (Sipp) products helping offset the impact of the new government levy on transfers to foreign pension schemes.
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Momentum Pensions to target rival Sipp providers for growth
International Qrops provider Momentum Pensions has announced it intends to grow the self invested personal pension (Sipp) part of its business by acquiring rival companies.
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Ex-IFA jailed for stealing £1m from client pension funds
A former UK adviser has been jailed for six years and banned from being a company director for eight after he was convicted of stealing £1m ($1.29m, €1.1m) of clients’ money via a self-invested personal pension scheme he invented.
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Sipps among most complained about UK financial products
The UK’s Financial Ombudsman Service (FOS) received 59% more complaints about self-invested personal pensions (Sipps) in the first quarter of the 2017/2018 financial year compared to the same period a year before.
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‘Dramatic year’ fails to dent Praemium’s growth
Strong growth both in Australia and internationally pushed funds under administration at Praemium up 28% to A$6.1bn (£3.6bn, $4.7bn, €4bn) in spite of the boardroom turmoil that saw the company’s chief executive sacked and then return a few months later.
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FCA bans IFA from giving DB pension transfer advice
Another British financial advice firm has been stopped from carrying out defined benefit (DB) transfer advice by the Financial Conduct Authority (FCA), as Standard Life calls for greater flexibility.
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Five Sipp facts not many people know
An estimated one million people have opted for self-invested personal pensions (Sipp) as they offer a wide choice and the freedom to invest almost anywhere. Hargreaves Lansdown have put together some of the lesser-known facts about the increasingly popular retirement vehicle.