Regulatory change could lead to another surge in M&A in the SIPP market despite the number of Planners advising on them falling, according to Financial Planners.

The FCA has banned financial adviser Mark Abley of County Capital Wealth Management Ltd and told him to pay £106,100 to the Financial Services Compensation Scheme (FSCS) for poor pension transfer advice to BSPS members.

The number of pension savers who have changed how their workplace pension is invested has almost doubled in 18 months, with more investing responsibly, according to new research published today.

Pension consultancy and SIPP business XPS Pensions Group has reported pre-tax profits up 13% for the past year.