Claim-embroiled pension provider Liberty SIPP has entered administration following a number of high-risk non-standard investment claims against it.
The company was advised it was insolvent based on the number of claims against it, and advised to enter administration to protect any creditors, including former customers. The Financial Conduct Authority (FCA) said potential claimants will still be able to claims against Liberty SIPP, but those claims would go straight to the Financial Services Compensation Scheme. Andrew Poxton and Alex Cadwallader of Leonard Curtis have been appointed as joint administrators of the business. The Liberty SIPP business and customer assets were sold to EBS Pensions - part of Embark Group - in October ...
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