Profits have fallen for SIPP and pensions firm STM Group although increasing pensions admin provided a modest increase in underlying revenue for the first half.

Industry veteran John Moret is celebrating 50 years of working in the pensions and SIPP sector.

The Gaudi SIPP has continued to grow and attract new clients despite lockdown and now has over 20,000 SIPPs under its administration. 

The High Court has ordered illegal pension introducers Avacade, Alexandra Associates to pay over £10.7m in compensation to consumers along with an additional £6.7m from their directors.