Gleeson Bessent: Insolvency Services shuts down TWO pension trustee firms following investigation

Gleeson Bessent Trustee Services and Gleeson Bessent Trustees offered high-risk investments to ordinary investments as part of their pension schemes. Following an investigation by the Insolvency Service, the High Court has wound-up two pension trustees which administrated over 9 different pension schemes, all of which were occupational, including Focusplay Retirement Benefit Scheme, as well as…

Elysian Fuels fiasco a ‘contributing factor’ to SIPP provider tightening up asset rule

The non-standard fuel investment has caused one SIPP provider to re-think it’s stance on similar investments SIPP provider James Hay was engaged in a tax battle over Elysian Fuels investments held within some of its SIPP portfolios, and according to the Chief Exec of IFG (parent of James Hay), the problems were a contributing factor…