FCA: Gaudi 'in administration' same day as SIPP sale

Comes the same day as it sold its £1bn strong SIPP business

Mark Battersby
clock • 1 min read

Self-invested personal pension (SIPP) provider Gaudi went into administration on the same day as it sold its pension business to platform provider Platform One, the Financial Conduct Authority (FCA) has confirmed.

Gaudi sold its pension business to Platform One in a £1bn deal yesterday (26 April) with the directors of Gaudi appointing qualified insolvency practitioners Sean Bucknall and Andrew Watling of Quantuma Advisory Limited as joint administrators at the same time. As Platform One has now taken over administration of Gaudi's SIPPs,  consumers who hold a SIPP administered by Gaudi can continue to contribute, withdraw, and make investment decisions as before.   Platform One will communicate next steps to consumers holding a SIPP administered by Gaudi, the FCA said.  "Gaudi was subject to...

To continue reading this article...

Join Professional Adviser for free

  • 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 Pensions

The importance of defining the roles within a SSAS

The importance of defining the roles within a SSAS

'Poor role discipline can create compliance, tax and fiduciary risk'

Caitlin Southall
clock 08 October 2026 • 4 min read
AJ Bell warns Budget could 'exacerbate' 76% pension lump sum withdrawal rate

AJ Bell warns Budget could 'exacerbate' 76% pension lump sum withdrawal rate

AJ Bell has called on chancellor John Healey to commit to a pension tax lock

clock 06 October 2026 • 2 min read
Rachel Vahey: Pension savers need stability, not another panic-fuelled tax raid

Rachel Vahey: Pension savers need stability, not another panic-fuelled tax raid

'Real-world consequences of allowing pension tax speculation to run unchecked'

Rachel Vahey
clock 05 October 2026 • 3 min read