The FSCS has declared three Sipp providers in default.
- Stadia Trustees Limited;
- Brooklands Trustees Limited;
- Montpelier Pension Administration Limited
In its business plan the FSCS said it has received 150 claims against these companies over due diligence failings ‘but we expect to receive many more claims in 2018/19’.
The Financial Conduct Authority (FCA) has recently given warnings about Sipp firms accepting business from unregulated introducers. If you have suffered losses to your pension due to dealing with these or any other regulated company please contact us today on 01925 619911 to see if you can recover your money.