The Financial Services Compensation scheme has declared two financial advice firms as failed.

The UK’s SIPP market is close to topping £500bn invested and five million customers and could be a £1trn market by 2030, according to a new report published today.

Eddie McGuire, managing director of @sipp, and the firm's finance director Steve Lancaster, have led a successful MBO of the specialist SIPP and SSAS provider.   

Total advised customers at platform and SIPP provider AJ Bell rose 8% year-on-year in the quarter ending 31 December, according to a trading update today.