Many people were told they would be better-off transferring their pension to a Guardian GPC SIPP, but in some cases, their money was unsuitably invested into high-risk investments like Harlequin Properties.
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GPC SIPP pensions have (like many SIPP pensions) been a great way for many people to generate money for retirement.
But GPC had problems – they had allowed many people to invest in high-risk investments through their SIPP pension.
Often, the people making these investments had little investment knowledge, and couldn’t afford the risks, usually having taken negligent pension advice from their adviser.
Now, many of the investments have gotten into trouble, either having collapsed into insolvency proceedings or even been mired by fraud or misconduct allegations.
If you were advised to transfer your pension to a GCP SIPP to invest in any of the investments below, and were not:
…then you may have been mis-sold, and could be able to make a mis-sold pension claim!
GPC SIPP starts live as Guardian Pensioneer Trustee & Consultancy Ltd.
By 2014, GPC (then Guardian) was already involved in the Harlequin Properties mis-selling scandal, and had many other high-risk and non-standard assets on its books.
Guardian becomes GPC SIPP Ltd
Financial news outlets report that GPC is going into administration.
For people stuck in this situation, it could be that they can make a claim for having been mis-sold in the first place.
In August 2019, it was revealed that the administrators of GPC SIPP had sold it to Hartleys for an undisclosed amount.
Click the button below to see an example of a Get Claims Advice claim over a mis-sold SIPPSee example claim