US-owned investment manager Vanguard has added a drawdown option to its SIPP-based Personal Pension plan.

The FCA has today banned indefinitely two directors of an IFA firm for their roles in submitting “false and misleading information” about customers’ high net worth status when making SIPP applications.

The percentage of Nest’s 9m pension savers opting out of auto enrolment has increased from 6% to 9% following the second increase in minimum auto enrolment contributions.

The latest report from platform and fund research house Fundscape has revealed that passive funds were the clear winners in 2019 fund sales in a tough year for many groups.