Life and pensions intermediaries are being hit with a £36m supplementary levy from the Financial Services Compensation Scheme (FSCS) following a surge in claims about bad advice relating to Sipps. This additional...
Suffolk Life has bought European Pensions Management (EPM), the Sipp provider that entered insolvency proceedings earlier this summer. The deal includes 5,000 Sipps with a value of around £630m.The acquisition takes Suffolk...
The product combines the PruFund range of smoothed funds and the ability to add further capital guarantees and the ability to adjust and add other investments within a Sipp wrapper. Clients will...
The range of TDFs is run by AllianceBernstein, which dynamically manages the glidepath of the fund to adapt to market, economic and legislative conditions. In the earlier years the funds focus on...
The FSA’s Canary Wharf headquar Bringing a bit of glamour to the retirement market, self-invested personal pensions (Sipps) used to be seen as the exotic preserve of the wealthy; the pensions’ equivalent...
Friends Provident is launching an executiononly Sipp as part of the roll out of its corporate platform functionality through 2010.Friends says the launch, which is expected to happen in June 2010, is...
Take-up of group Sipps has almost doubled in the last two years according to figures from Defaqto. In 2009 group Sipps made up 23 per cent of group pension recommendations amongst a...
Friends says the launch, which is pencilled in for later in 2010 although no date has yet been fixed, is designed to offer a home for the funds of employees leaving corporate...
Group Sipps will be permitted for use as qualifying schemes for automatic enrolment, the DWP has confirmed. But the the group Sipp must have a default fund that "resembles that of a...
The explosion of the individual Sipp market since A-Day has been increasingly translating over into the group side, but its rapid growth risks being stymied by a combination of the Budget changes...
