• The Claims Bureau

SIPP provider heading towards being declared default has generated over 450 claims with the FSCS

Lifetime SIPP has entered creditors voluntary liquidation as hundreds of claims against it have gone to the FSCS. No cases as of yet have been paid out and it could be years until claimants get compensated as the firm is not yet officially in default.


The FSCS only begin paying out compensation once they have processed one successful claim of the same nature and this will also conclude the status of the company, once a successful claim comes through, Lifetime SIPP will be declared default.


They are beginning the process of going through cases on a claim-by-claim basis and have a duty to do so for the claimants.


Some of the SIPP investments went into well-known failed Harlequin. The FSCS are inviting claims against Lifetime SIPP.


If you would like assistance in making a claim against this firm or you have invested with another SIPP provider of which the investment has subsequently failed, we would be happy to help you through the process on a NO-WIN-NO-FEE basis.


Give us a call on 01903 868 251 or fill out one of our simple forms on our site.




Sources: https://www.ftadviser.com/pensions/2019/04/08/fscs-receives-450-claims-as-sipp-firm-enters-liquidation/?page=2


https://www.moneymarketing.co.uk/collapsed-sipp-firms-300-claimants-could-wait-years-for-redress/?cmpid=MME11_7899429&utm_medium=email&utm_source=newsletter&utm_campaign=mm_daily_briefing&adg=92DA83CC-0A24-4C09-A1E2-ED7C226BCED3



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