The AMPS conference in London today featured a warning on the increasing proliferation of  ‘ambulance chaser’ companies seeking to press claims against SIPP providers.

The FSCS has defended itself against suggestions it takes a punitive, enforcement approach against those firms deemed in default.

A senior director at The Pensions Regulator has called on pension holders to be more vigilant to combat increasingly "clever and devious" scammers.

AMPS, the trade association which represents most UK SIPP providers, has written to the FSCS to question its statements on three SIPP providers recently declared in default by the scheme.