SIPP And SSAS Update

In this Update we look at recent legal developments affecting SIPP and SSAS providers. These include a Court of Appeal decision which held that the High Court had been wrong to make an order enabling a judgment debt to be enforced against a SSAS member's pension fund.. We also consider the implications of a Pensions Ombudsman decision which found that a pension provider committed maladministration by requiring a member's widow to transfer her late husband's pension fund to a new scheme before she could draw down benefits. Our Update covers a number of FCA publications, including its Advice Guidance Boundary Review consultation and various content on the FCA's expectations of firms whose customers have a valid complaint and are entitled to redress.