Liberty Sipp placed in default with nearly 1,700 pension claims By Michael Klimes 26 The Financial Services Compensation Scheme has declared failed provider Liberty Sipp in default. The update means 1,696 pension related claims against the firm can start to be settled in the near future. All the claims are in some category of pension including Sipps, personal pension transfers or other pension advice. Currently there about 1,100 under other pensions advice, 500 under Sipps and about 40 under personal pension transfers. Money Marketing understands the vast majority of claims are in progress. Liberty Sipp collapsed in April last year and its administrators have charged £347,328 to wind up the firm so far.