FSCS declares Lifetime SIPP in default

The FSCS revealed it had concluded its investigations into the firm's practices, explaining it had focused on the "levels of due diligence Lifetime carried out prior to allowing customers to make specific investments under their pensions".  The lifeboat fund said it had now determined that protected claims existed against the firm. Lifetime SIPP entered administration back in April 2018 and, by July 2018, the FSCS had received 220 claims in the relation to the company. The FSCS said claims already submitted against Lifetime SIPP will now be passed to its processing teams for assessmen...