Elysian Fuels Investment Value Drops to Zero

Elysian Fuels, a renewable energy project, attracted up to £180 million from people investing through Self-Invested Personal Pensions (SIPPs). However, the value of these investments has now fallen to zero. About Elysian Fuels Future Capital Partners’ history High-profile investors affected Some well-known people invested in Elysian Fuels, including: The wider problem of SIPP mis-selling The […]

Guinness Mahon – Hartley Pensions

Guinness Mahon Trust Corporation Limited (GMTC), a SIPP provider, went into administration in February 2020. This was due to many complaints about how they handled investments. What went wrong Issues with advisers and due diligence Compensation from the FSCS

Gaudi SIPP – Platform One

Gaudi, a SIPP provider and administrator, has gone into administration. This is due to decisions by the Financial Ombudsman Service (FOS) that left Gaudi with liabilities it couldn’t afford. About Gaudi Gaudi was authorised and regulated by the Financial Conduct Authority (FCA)The FCA sets rules for UK financial services firms and can step in if […]

Corporate & Professional Pensions – Westerby

Corporate & Professional Pensions (C&PP), a SIPP provider, has gone into administration. This is due to many complaints against them being upheld by the Financial Ombudsman Service. The problem with high-risk, unregulated investments Issues with C&PP’s due diligence Other unregulated firms involved Several unregulated companies were linked to C&PP: What to do if you think […]

Avalon SIPP – Embark

If you have an Avalon SIPP (Self-Invested Personal Pension), you may have been mis-sold. Mis-selling is when risks aren’t properly explained. You could be owed compensation. What went wrong with Avalon SIPPs How Multicorp Rose was involved What to do if you think you were mis-sold Over 200 people have complained about mis-sold Avalon SIPPs […]

Mis-Sold SIPPs: Know the risks and spot mis-selling

Self-Invested Personal Pensions (SIPPs) can be a good way to save for retirement. But some people have been mis-sold SIPPs and lost money as a result. What are SIPPs? What is SIPP mis-selling? How to spot if you’ve been mis-sold Mis-selling happens when advisers: You may have a claim for compensation if: The Financial Conduct […]