Since the Lifetime SIPP has entered administration some of our clients have sent in correspondence issued by Hartley Pensions – the new firm taking over the administration of the SIPP.

The firm explained that the trustees have asked Money Redress Limited and experienced specialist pensions and investment mis-selling firm, Claims Management Company (CMC), to offer their services.

handshake on deal

Whilst there are a lot of companies out there offering claims management services our clients were asking why the firm was promoting a specific company.

We understand that the CMC only entered the market in January 2017 and has not yet filed any accounts at Companies House. It seems the company is charging a fee of 25% plus VAT – which is average for the industry.

Shop Around

If you think you are entitled to compensation from Lifetime SIPP,  all we can say is shop around and make sure you are getting the best deal. Don’t jump in until you know exactly what you are getting and what you will pay.

If you are not sure how to proceed and have been told to sit tight and wait, you may find that you will simply run out of time and be unable to claim. A quick phone call could give you the clarification you need to find out if you may be entitled to compensation.