GPC Sipp (formerly known as Guardian Pension Consultants) was declared insolvent and closed this month following 141 court claims against them.
A further 300 claims are with the Financial Ombudsman Service (Fos), which are being transferred over to the FSCS. This means that investors that have their claim with the fos could have got up to £350,000 as this is the limit of how much they can order a firm to pay.
Now the firm have not got the funds to pay out all the claims, the limit for FSCS claims is only £85,000 meaning investors may not get all of they money they lost.
Lawyers of customers are now calling for an investigation into Kathryn Taylor (Director of GPC Sipp) and the receipt of a £1m dividend last year from a firm that had to close because they could not pay their claims.
Investors of the firm are petitioning to get a share of GPC Sipps remaining assets.
If you have invested your pension into a Sipp with GPC Sipp and subsequently lost your money, The Claims Bureau will be happy to look into your case for you and assist you in submitting it to the FSCS.
Please visit gpcsipp.com to find out more or call us on 01903 868 251 to speak to one of our advisers. We do carry out free, no obligation reviews of your case, you may also be eligible for a no-win-no-fee contract with us.
If you like this article or know someone that should see it, share it on social media using the links below.
Information in this article was sourced from: https://www.telegraph.co.uk/pensions-retirement/news/director-paid-1m-dividend-months-pension-firm-collapsed/