Against PCP Provider

PCP Schemes with Unregulated Investments

Here are some of the SIPP providers that have been involved in accepting unsuitable investments into their SIPP schemes. Many of the firms have now become insolvent and ceased trading so any claims have to be submitted to the Financial Services Compensation Scheme.

Brooklands Trustees Limited

Their SIPP portfolio was transferred to another business & were embroiled in a case relating to off shore property.

Montpellier Pension Administration

In Jan 2018, FSCS declared Montpellier Pension in default relating to how the owned and operated SIPPs on a range of investments.

Stadia Trustees Limited

Stadia Trustees defaulted in Jan 2018, they owned & operated SIPPs on a range of investments, including property, Store Pods, & oil fields.

Berkeley Burke

Berkeley Burke recently lost a High Court case in which it was challenging the outcome of a Financial Ombudsman Service decision against it.

Carey Pensions

Carey Pensions has over 4,000 members in its SIPP schemes and is facing legal action for accepting unsuitable & unregulated investments into its SIPPs.

Curtis Banks

Curtis Banks are one of the UK’s primary providers of SIPPs with over £12 Billion of assets under administration.

Freedom SIPP

Freedom SIPP now administered by Avalon is a scheme which has allowed high risk assets into its SIPP.

Guinness Mahon

Guinness Mahon has now had decisions made against it by the Financial Ombudsman Service for allowing unregulated and unsuitable investments into its SIPPs.

Liberty PCP

Liberty SIPP has already had hundreds of claims made against it at the Financial Ombudsman Service.

Lifetime SIPP

Lifetime SIPP now ceased trading following claims made against it by investors who lost money on unregulated and unsuitable investments.

Pointon York

Pointon York administered over 7,000 SIPPs and allowed high risk unsuitable assets into its schemes such as Green Oil Plantations and Carbon Credits.

STM Group (London & Colonial)

STM Group purchased by London & Colonial allowed high risk and unregulated investments into its SIPPs.

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