Sipps
Five ex-directors banned over unsuitable pension advice
They have also been fined over £1m in total
Investors urged not to sit on covid ‘excess savings’
70% of people want to keep the extra cash they put aside in bank accounts
Advice firm loses high court challenge against FOS decisions
It ‘failed in its primary duty to properly advise on the suitability’ of pension transfers, Ombudsman says
How self-invested personal pensions are taxed
‘System is potentially set up for the administrative convenience of HMRC rather than the benefit of taxpayers’
Another Sipp operator enters liquidation
After it was unable to pay redress following final decisions issued by the Financial Ombudsman Service