Mattioli Woods to wind up Freedom SIPP

The SIPP, which ran into trouble in late 2008 after HMRC raised concerned over certain investments, has been administered by PrivewaterhouseCoopers since the firm was forced into liquidation in October last year. Mattioli Woods says the move will give Freedom SIPP clients ‘much needed' stability and security. HMRC has threatened to deregister the scheme, which could lead to huge tax charges for clients, but Mattioli Woods says it will provide robust administration to wind-up the SIPP. Investors will be able to transfer to Mattioli Woods' SIPP, or will be assisted in finding an alte...