Sipps
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.
United Kingdom | 20 Mar 15
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.
United Kingdom | 19 Mar 15
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.