Greyfriars collapse prompts sale of clients to Hartley

Greyfriars Asset Management, which handled many aspects of people’s retirement funds including SIPPs and portfolios of investments, has sold it’s SIPP and SSAS business to Hartley Pensions, following it’s collapse in 2018. Updates on the firm’s Companies House entry show that the sale went ahead for a value of £820,000. £500m in assets Heavily involved…

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City watchdog pays visits to five SIPP providers following mis-sold pensions warning

The financial services regulator, the FCA, has paid visits to five providers of Self-Invested Personal Pensions, following a letter sent to CEOs of SIPP firms to warn about mounting claims relating SIPP products. SIPP mis-selling has been a focus for many in the financial services industry for the past few years, and claims relating to…

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Liberty SIPP makes the news with more links to high-risk investments

SIPP pension provider Liberty SIPP is again ‘under fire’ over its links to high-risk and unregulated investments. Some SIPP companies allowed investments in alternative schemes, often based abroad and not regulated by the watchdogs at the FCA, including Liberty SIPP. Often linked to the Ethical Forestry situation, in which the Costa Rican forestry scheme entered…

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More compensation for British Steel pension mis-selling scandal: Have you made a claim?

Good news for those who are making claims for having been mis-sold their pension transfer away from the British Steel Pension Scheme: the FSCS is ‘upping’ the compensation amounts on offer in some cases. Many people were mis-advised to transfer their pension away from British Steel, with several financial advisers accused of using ‘fear tactics’…

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Compensation payouts for this one type of pension transfer have doubled. Can you claim?

Did you ever transfer a final salary or other type of defined benefit pension scheme? The financial services compensation scheme (FSCS) has paid out more than £40 million in 2018 for claims relating to defined benefit pension transfers that turned out to not be in the person’s best interest. Unsuitable pension transfers like these can…

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