The management buy out (MBO) of Global Pension Corporation (GPC), formerly known as SIPP and SSAS provider STM Group, has been completed today, the firm has said.

The Budget rumours in recent weeks have sparked a record tax year so far for the number of people paying into SIPPs, stocks and shares ISAs, cash ISAs, JISAs and LISAs from Hargreaves Lansdown.

Group revenues more than doubled to £6m for InvestAcc for the six months ended 30 June (H2 2024: £2.5m).

Royal London and Aviva continued to hold their positions as the most recommended personal pension and SIPP providers by advisers in the first half of this year.

Hargreaves Lansdown has partnered with Schroders Capital to add two of its private markets long-term asset funds (LTAFs) to the platform.

Six people have been charged over a pension fund and SIPP fraud which involved £75m being invested into storage units in the North of England and Scotland.

The Financial Services Compensation Scheme, the industry consumer safety net, has so far received 644 claims against failed SIPP provider Forthplus Pensions Limited, it reported today.

Pension and investment provider Aegon has launched a Junior SIPP to help advisers with intergenerational planning.

SIPP savers are facing a ‘retirement mirage’ as their confidence about achieving a comfortable retirement outpaces their understanding of how they will achieve it.

The administrators of failed SIPP provider Hartley Pensions Limited say they have encountered issues in contacting its clients.

Clients of Hartley Pensions held a protest outside the High Court this week as the saga following the collapse of the SIPP provider in 2022.

The Financial Conduct Authority has reassured Hartley Pensions clients following a letter sent by the joint administrators over the unauthorised movement of monies from their SIPPs by Hartley.

SIPP and SSAS provider InvestAcc has reported revenues increased 16.3% to £10.5m in the six months to the end of December, up from £9m in the same period in 2023.

The number of savers making contributions over the annual allowance of £60,000 surged 34% in the last tax year, according to new data.

SIPP contributions have soared since President Trump’s recent tariff announcements, according to Hargreaves Lansdown figures.

AJ Bell has agreed to sell its Platinum SIPP and SSAS business to InvestAcc Group for £25m, with the deal expected to complete in the second half of this year.

Failed SIPP operator Intelligent Money has been declared in default today by the Financial Services Compensation Scheme, opening the door to ex-clients with valid claims to receive compensation.

SIPP and SSAS provider @sipp has appointed Josh Legg as business development manager.

The FCA has warned SIPP operators over a lack of progress on the regulator's concerns that their actions could lead to “harm to individual consumers.”

Some investment and SIPP providers have been retaining interest earned on cash-holdings to subsidise loss-making platforms, according to an FCA study published today.