Another SIPP provider, PSG SIPP Limited, has gone into administration. Christopher Allen and Adam Stephens of Evelyn Partners have been appointed as joint administrators as of 25/10/2024.
PSG SIPP is a self-invested personal pension (SIPP) operator authorised and regulated by the FCA.
PSG entered administration after it had only recently acquired Heritage Pensions in November 2021. The acquisition included the Heritage, Brooklands, Saltus and International ExPat SIPP.
The FSCS confirmed that all SIPP schemes administered by PSG SIPP, except Unity SIPP, have been transferred to the regulated SIPP operator, Alltrust Services Limited
PSG SIPP has exchanged contracts with London and Colonial Services to acquire Unity SIPP.
Unity SIPP customers will be supported by Alltrust for a limited period. Once LCS has completed its purchase of Unity SIPP, it will write to impacted customers to explain what is happening to their pension funds, as will Evelyn Partners.
You should contact us if you had dealings with the firms involved or have found yourself in a similar situation. You may be entitled to compensation should we find that the company failed to adhere to rules and regulations.
Please be aware of time limitation rules – don’t run out of time!
Impartial Claims Advice
We may be able to assist you with the recovery of any losses you’ve suffered if you had a SIPP with any of the firms we have mentioned, even if you have tried to claim yourself and your IFA or SIPP due diligence complaint has been rejected.
Let us review the transactions made – and if we can’t help, you won’t pay a fee.
You may find that we can help where others couldn’t – and not only have we got the customer feedback to prove it, we also charge a fraction of what solicitors charge for the work they carry out.
You should also get in touch with us if you have any concerns about the advice you received or the way your investments are performing.
Most clients don’t understand that they may have suffered losses, as their annual statements show that the pension fund is still valued at purchase price.
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Contact us for an informal discussion to explore your options. You’ll also get a better understanding of how we work before deciding on your best course of action.
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ACL Consultancy Ltd have been in operation as a claims management company (CMC) for over 10 years and have offered the lowest flat fee service in the industry since 2017.
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Our team possess a deep knowledge of pension and investment compensation, including overseas property investment, and welcome your call to find what solutions are available to you. So, you’ve nothing to lose and everything to gain by calling us today.