SIPP

45% income tax relief

FSCS to give further update on investigation shortly

Exits after more than 20 years

Administration expected to conclude in 2027

For advisers and ‘advanced’ clients

Estimated 5.3 million people owning SIPPs in UK

The consequences of holding taxable property in a SIPP or SSAS can be onerous and will offset the tax advantages offered by such a pension solution, warns Caitlin Southall

InvestAcc Group takes over £3.2bn book of business

Investment in unregulated Spanish business

SIPP operator failed to carry out due diligence, FOS finds