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.
Sipps
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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.
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A perfect fit Platform view with Brooklands
The most radical reform of international pension planning in more than a century is well underway, says Paul Evans, chief executive at Brooklands Pensions.
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Chase de Vere sells SIPP and SSAS business
Chase de Vere has sold its SIPP and SSAS business to Barnett Waddingham for an undisclosed figure.
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SIPP provider ordered to pay UCIS compensation
The Financial Ombudsmen Service (FOS) has upheld a complaint against SIPP provider Berkeley Burke for failing to meet FCA guidelines over a collapsed £29,000 unregulated collective investment scheme, the first time a provider has been held accountable in such circumstances.
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Spike in SIPP complaints reports Ombudsmen
An increasing number of pension savers are falling victim to risky investments, with complaints about SIPPs jumping by nearly half over the last year.
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fca issues warning over serious
The FCA has issued a further warning over unsuitable SIPP advice after an investigation into the conduct of financial advisers found serious and ongoing failings.