Momentum Pensions secures majority stake in SIPP business
QROPS provider Momentum Pensions Group has raised its stake in UK Self Invested Personal Pension business, Momentum Pensions Ltd (MPL), to 80%.
Sipps
-
-
Law firm calls for urgent review of SIPP provider liability
SIPP providers should be held fully accountable where an investor has not taken financial advice, a law firm has said in a letter to the chief of the Financial Conduct Authority (FCA).
-
SIPP provider burden eased in new rule change
The Financial Conduct Authority has succumbed to pressure from SIPP providers to make the calculation of capital easier and less costly when new rules comes into force in September next year.
-
FSCS boss urges advisers to suggest fairer levy system
The boss of the Financial Services Compensation Scheme has urged financial advisers to help the regulators identify ways of making the allocation of levies fairer.
-
Holborn adviser faces UK ban for UCIS mis-selling
A financial adviser currently employed by Holborn Assets in the UAE has been fined and banned in the UK after the Financial Conduct Authority found him guilty of knowingly recommending inappropriate, high risk products to retail clients.
-
UK Ombudsman reports rise in SIPP complaints
The UK’s Financial Ombudsman Service (FOS) has reported only a slight rise in complaints about investment-linked products in the latest financial year, but said there had been a significant increase in problems reported by people with self-invested personal pensions (SIPPs).
-
Pensions advisers slapped with £100m FSCS levy
UK-based life and pensions advisers are going to be hit with an annual levy that will almost double what was forecast in the Financial Services Compensation Scheme’s plan and budget.
-
London & Colonial launch flexible SIPP product
Independent financial services group London & Colonial has launched a new flexible SIPP which gives savers greater choice of investments and more drawdown options.
-
Cashing in pension pots dominates UK calls
Canada Life said about 75% of the customer calls it has received since the UK pension reforms came into effect on 6 April have been from individuals who want to cash in their pension pots.
-
FCA bans two former TMI directors
Two former directors of failed financial advisory firm TailorMade Independent, which advised clients on self-invested personal pension transfers into troubled overseas property company Harlequin, have been banned by the Financial Conduct Authority.
-
FSCS lays down £20m levy
A surge in complaints about bad SIPP advice has led the Financial Services Compensation Scheme to lay down a £20m interim levy on life and pensions intermediaries.
-
SIPP holders can now claim full losses
UK consumers who suffered investment losses after being advised to transfer funds into a self-invested personal pension (SIPP) can now claim compensation for the value of their investment.