SIPPs: FSA to increase protection for SIPP investors

The FSA (Financial Services Authority) has today issued proposed new rules to increase protection for investors in the event of a SIPP provider failing. The FSA started to regulate SIPPs (Self Invested Personal Pensions) in 2007. Since then the SIPP market has grown significantly both in terms of the amount of money held in SIPPs and the range of investments held. The FSA has become concerned that some SIPP providers have insufficient financial resources to organise an orderly wind down of their business in the event of the provider collapsing, or deciding to exit the market....

Pensions: 5 scams & bad advice that can seriously damage your retirement

We’ve been shocked by some of the pension scams and examples of bad advice we have seen so far this year. For most people a pension, whether it is a workplace scheme, a Personal Pension or indeed a SIPP (Self Invested Personal Pension) will provide part of their income in retirement. However, we are seeing more and more examples of scams and bad advice that could seriously damage your wealth in retirement. We’ve put together a quick checklist of the worst five we have seen and how to avoid them....