Elysian Fuels, an ambitious renewable energy project that attracted up to £180 million in investments through Self-Invested Personal Pensions (SIPPs), recently saw its share price plummet to zero. The unfortunate twist of events highlights the importance of understanding the risks involved in SIPP investments. Elysian Fuels: The Backstory Celebrities Caught in the Elysian Fuels Debacle […]
Guinness Mahon Trust Corporation Limited (GMTC), a known Self-Invested Personal Pension (SIPP) provider, took a tumble, sliding into administration due to a deluge of complaints around insufficient investment due diligence. The brunt of these investments were non-standard and high-risk, triggering significant financial losses for their customers. Here’s how it unfolded: FSCS Compensation on the Horizon […]
Gaudi Regulated Services Limited, a previously respected SIPP provider and administrator, faced the axe after multiple decisions by the Financial Ombudsman Service (FOS) landed them with an unaffordable financial burden.
Regrettably, we’re seeing yet another SIPP provider, Corporate & Professional Pensions (C&PP), face serious issues. The firm’s directors have had no choice but to place the firm into administration, given the wave of complaints that the Financial Ombudsman Services has upheld against them. High-risk, Unregulated Investments – A Recipe for Disaster Not long ago, C&PP […]
SIPP (Self-Invested Personal Pension) mis-selling has turned into an alarming issue, hitting a growing number of individuals adversely. SIPPs, while offering a broader investment liberty than standard pensions, come with increased financial risks – and occasionally, advisory firms and SIPP providers neglect to adequately spell out these risks. Avalon SIPPs and Multicorp Rose are glaring […]
A Self-Invested Personal Pension (SIPP), when used effectively, can offer an excellent tax-efficient approach for those looking to save for retirement. Yet, mis-selling of SIPPs has been rife, leaving many investors grappling with significant financial losses. Here, we delve into the issue and explain how to recognise if you might have a compensation claim. • […]