PII woes force SIPP provider Forthplus Pensions into administration

Cap ad and pending FOS case

Jenna Brown
clock • 1 min read
PII woes force SIPP provider Forthplus Pensions into administration
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PII woes force SIPP provider Forthplus Pensions into administration

Self-invested personal pension (SIPP) provider ForthPlus Pensions has entered administration after failing to secure continued professional indemnity insurance (PII).

The SIPP operator had about 2,500 customers, the majority of which were UK expatriates. The business, which had assets under management of around £500m, went bust on 19 October. Insolvency practitioners...

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