Sipp provider with ties to collapsed DB IFAs enters administration
An Edinburgh-based Sipp provider with connections to collapsed overseas advice firms has entered administration.
Source: moneymarketing.co.uk
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Revealed: Collapsed overseas IFAs used UK Sipp provider for DB transfers
Revealed: Collapsed overseas IFAs used UK Sipp provider for DB transfers By Michael Klimes 14 th April 2021 11:21 am Now-collapsed advisers based in the Czech Republic and Cyprus used an Edinburgh-based Sipp provider for pension transfers, documents seen by Money Marketing show . The documents reveal that transfers took place between 2015 and 2018 with clients ending up in funds with high charges. Some of these funds were later suspended with clients losing thousands of pounds from what they originally invested. The funds were based in Luxemborg and had an annual ...
Source: moneymarketing.co.uk