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

DWP, TPR and FCA launch consultation on guided retirement to help 'resurrect' pensions

DWP, TPR and FCA launch consultation on guided retirement to help 'resurrect' pensions

Consultation covers how default pensions should work in practice

Holly Roach
clock 03 November 2026 • 6 min read
Do clients already own the best retirement portfolio?

Do clients already own the best retirement portfolio?

'Feeling safer and being safer aren't the same thing'

Alex Funk
clock 29 October 2026 • 4 min read
Budget 26: Government to get rid of two-year tax rule on lump sum death benefits

Budget 26: Government to get rid of two-year tax rule on lump sum death benefits

Changes will also be made to how tax due on excess lump sum death benefits is collected

Jonathan Stapleton
clock 28 October 2026 • 1 min read