FSCS claims from failed SIPP provider pour in

Lifetime SIPP entered administration back in April, and the FSCS has since received 220 claims in the relation to the firm. Kingston Smith & Partners have been appointed as the insolvency practitioners dealing with the firm. In April, joint administrator Ian Robert suggested the total number of claims against the SIPP provider could amount to some £56m. Professional Adviser understands there were a number of complaints raised by consumers who had invested in toxic SIPPs to the Financial Ombudsman Service. These were upheld, resulting in heavy fines against the business, meaning ...