The Association of Member-Directed Pension Schemes (AMPS), the industry body representing SIPP operators and SSAS practitioners, has today revealed Claire Trott of St James’s Place Group has been appointed as its new chairman.

Discretionary fund manager (DFM) and Sipp provider Greyfriars Asset Management has gone into administration.

STM, owner of UK SIPP provider London & Colonial, is to acquire the majority of rival SIPP firm Carey Pensions for £400,000 as Carey prepares to tackle a major court case.

SIPP and SSAS provider DP Pensions has launched its new Premier Trust Single Investment SIPP in response to the growing number of advisers using them for their clients.