FSCS updates claims position for two pension firms

In an update published on 29 October, FSCS said it was investigating whether customers who had submitted claims against Forthplus Pensions were eligible for compensation under its rules. Some customers with claims against Forthplus Pensions had investments in a Brite portfolio through a Forthplus SIPP, now iPensions. Brite Advisors Pty has entered administration, and distributions are currently being made to investors. FSCS said these distributions "may impact its assessment of losses and any potential recoveries", meaning affected claims would be placed on hold while the position ...