SCOTTISH Equitable is launching a group self-invested personal pension which, it believes, will make self-investment "more mainstream".
Scottish Equitable says its group SIPP will have the same fund range and support tools as its individual offering. This, it says, means holders will have access to more than 1000 funds from over 40 managers...
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.