What should adviser firms do when a SIPP provider goes bust?

A port in a storm

clock • 7 min read
What to do when a client's SIPP provider goes bust

What to do when a client's SIPP provider goes bust

When a SIPP provider goes bust, the best-case scenario for affected clients is worry and inconvenience. But the worst case could see them instructing solicitors and taking a claim to the FSCS. So, what is the role of an IFA?

Earlier this month, Corporate & Professional Pensions, a SIPP operator, entered administration, because, according to the Financial Conduct Authority (FCA), it was unable to pay final Financial Ombudsman...

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