Donre Advisory-owned SIPP operator enters administration

PSG SIPP is a wholly owned subsidiary of Donre Advisory, which entered liquidation last July following the imposition of FCA restrictions. All SIPP schemes administered by PSG SIPP have been transferred to regulated operator Alltrust Services, except for Unity SIPP. Unity SIPP customers are expected to be supported by Alltrust for a limited time. PSG SIPP has exchanged contracts with London and Colonial Services in an acquisition deal for Unity SIPP. All PSG SIPP customers can continue to contribute, withdraw and make investment decisions thanks to the deals, the FCA set out. Ev...