Failed GPC SIPP receives 799 FSCS complaints

The SIPP provider, which was previously known as Guardian Pension Consultants, was officially declared in default on Monday (17 February).  The lifeboat fund told Professional Adviser that it had received 799 applications for compensation against the firm to date, adding: "Although [the] FSCS has to find one eligible claim to declare the firm in default, it's still too early to give a figure for compensation payments." On 11 June last year, the firm entered insolvency after it received a raft of claims and complaints made against it in relation to investments in the Harlequin property...