FSCS levy to soar by £87m to £635m in 2020/21

The Financial Services Compensation Scheme confirmed today that its levy for 2020/21 will soar by £87m to £635m, mainly due to surging SIPP claims.

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Drawdown will ‘fuel’ retirement advice market in 2020

Curtis Banks, the SIPP and SSAS provider, has predicted that growth in the retirement advice sector in 2020 will come mainly from pension savers and advisers changing or switching existing drawdown plans. 

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Advisers could be hit with extra £46m FSCS levy

The Financial Services Compensation Scheme has warned that there is a ‘high risk’ of a supplementary £46m levy on advisers and providers.

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Talbot and Muir buys The Pensions Partnership

SIPP and SSAS specialist Talbot and Muir has acquired Leeds-based SIPP and SSAS admin business The Pensions Partnership Limited from Group IFA for an undisclosed sum.

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