The Supreme Court has denied STM Group permission to appeal in the landmark Adams vs Carey case, effectively ending the long-running saga which questioned provider responsibility when accepting investments into a SIPP.

SIPP provider Curtis Banks has reported a modest 4.7% rise in pre-tax profits to £14m as SIPP numbers fell year on year by 2,544.

SIPP trustee and administration company Westerby Trustee Services has acquired fellow SIPP administrator CPPL.

SIPP provider Heritage Pensions Limited has gone into liquidation this week after a string of upheld claims against the firm.