Around £250bn could be transferred from occupational schemes into self-invested personal pensions in the next five years, Suffolk Life says.
The SIPP provider believes the sector is primed for massive growth and also estimates £100bn in protected rights – benefits accumulated from contracting-out of the second state pension – could be transferred...
The Pensions Regulator (TPR) has granted 11 master trusts extensions to apply for authorisation, as it confirms it has received 22 applications ahead of the 31 March deadline.
Aegon Master Trust, Fidelity Master Trust and Ensign have sent off their authorisation applications to The Pensions Regulator (TPR).
Self-administered pension funds spent £15bn on payments to pensioners in Q4 2018, but received just £12bn in contributions (net of refunds), Office for National Statistics (ONS) data reveals.
Aberdeen Standard Investments (ASI) and Gresham House are to team up to form a joint venture.