This February witnessed several significant developments in the advice sector. Regulatory scrutiny and enforcement including notable actions taken by The Pensions Ombudsman and the Financial Conduct Authority (FCA) came into the spotlight as well as the impending abolition of the lifetime allowance (LTA).
WBR Group (WRB) is set to register the Rowanmoor small self-administered scheme (SSAS) book to its in-house operation WBR Trustees from Rowanmoor Trustees after The Pensions Ombudsman’s (TPO) decision put the latter’s long-term viability in doubt.
Rowanmoor Personal Pensions Limited (RPPL) has entered administration, the Financial Conduct Authority has announced today (31 August). RPPL is a self-invested personal pension (Sipp) operator authorised and regulated by the FCA. It also an operator of Family Pension Trusts (FPT).
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