Hargreave Hale is offering a Sipp with no annual charge for active investors. Investors must generate over £250 commission a year to be eligible for the product. Pension admin will be outsourced to Dunstan Thomas.
Former Chancellor Lord Norman Lamont believes that IFAs have a crucial role to play in helping the public through the financial crisis.
HM Revenue & Customs will allow people with mortgages above 50 per cent on properties in a Sipp to remortgage without a tax penalty, according to the Association of Member-directed Pension Schemes.
The UK wrap market is oversupplied and new launches are unlikely this year, warns Standard Life head of communications Mark Polson.
Following the surprise return of a majority Conservative government, George Osborne announced that he will deliver a second budget statement on 8 July this year.
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