SIPP

Almost half a billion pounds of pension funds were transferred abroad in the first two years after pensions simplification to escape alternatively secured pension tax penalties, A J Bell says.

Tom Stevenson recently retired from his post as Kellogg's pensions manager. Before he left, Sebastian Cheek asked him how the scheme qualified for the NAPF's Pension Quality Mark

Dublin-based IFG has agreed to buy Santander's SIPP and wrap arm, James Hay, in a £35m deal.