The Financial Services Compensation Scheme (FSCS) has today (1 April) declared self-invested personal pension (SIPP) operator Heritage Pensions as in default.
The latest firm failure news from the FSCS comes after an update, published on 6 January 2026, confirmed that claims linked to clients introduced to Heritage Pensions by Tailormade Investments (TMI) have now been moved to its assessment teams for processing. However, the scheme warned that no fixed timeline could be provided, as each claim must be reviewed individually to determine eligibility for compensation. "Please be aware that we can't give an exact timeline for when individual claims will be completed. Each claim still needs to be reviewed on a case‑by‑case basis to confirm whe...
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