More providers to follow in Liberty SIPP's footsteps and fail - solicitor

At least 850 claimants

Hannah Godfrey
clock
“As previously stated, we believe this to be part of a domino effect with more firms to follow" - APJ's Glyn Taylor.
Image:

“As previously stated, we believe this to be part of a domino effect with more firms to follow" - APJ's Glyn Taylor.

A claims solicitor has said more self-invested personal pension (SIPP) firms will fail as part of a domino effect, where firms accepted non-standard investments within a SIPP without carrying out “proper” due diligence.

Liberty SIPP entered administration on Tuesday (28 April) following a number of high-risk non-standard investment claims against it. The company was advised to enter administration to protect any c...

To continue reading this article...

Join Professional Adviser

 

  • Unlimited access to real-time news, industry insights and market intelligence.
  • Stay ahead of the curve with spotlights on emerging trends and technologies
  • Receive breaking news stories straight to your inbox in the daily newsletters.
  • Make smart business decisions with the latest developments in regulation, investing retirement and protection.
  • Members-only access to the editor’s weekly Friday commentary
  • 
 Be the first to hear about our events and awards programmes.

Join

 

Already a Professional Adviser member?

Login

More on Retirement

Helen Hollister

How to boost women's engagement with retirement planning

Why do women engage differently with pensions than men?

Helen Hollister
clock 23 September 2022 • 3 min read
Arends: ""With inflation running high, savers may be tempted to cut back or even stop pension contributions."

Expected standard of living in retirement for DC savers on the rise

Falls in actual returns were offset by rises in expected future returns

Jonathan Stapleton
clock 22 September 2022 • 2 min read
UK retirement security declines for fifth year in a row

UK retirement security declines for fifth year in a row

UK ranks 19th out of 44 countries for retirement confidence

Hope William-Smith
clock 13 September 2022 • 4 min read