GPC SIPP enters administration after fighting Harlequin claims

2,700 SIPPs with Harlequin investments

Hannah Godfrey
clock • 3 min read

GPC SIPP has entered insolvency after fighting a raft of claims and complaints made against it in relation to investments in the Harlequin property scheme.

Administrators Smith & Williamson (S&W) have been appointed as joint administrators of the self-invested personal pension (SIPP) provider. GPC - previously known as Guardian Pension Consultants Ltd - filed the appointment of administrators with the court on Tuesday (11 June) because it had become insolvent. S&W said GPC has 2,700 SIPPs that are deemed to hold alternative investments in the Harlequin property scheme, all of which were placed between 2009 and 2012. In light of problems with those investments, the company has not marketed its services since 2013. Harlequin took around £4...

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 Retirement

Perfect timing: How to advise clients on the right time to retire

Perfect timing: How to advise clients on the right time to retire

Striking a balance between health, wealth and personality

Richard Hulbert
clock 05 February 2024 • 4 min read
Baillie Gifford: Enjoying later life without an income from work

Baillie Gifford: Enjoying later life without an income from work

The latest from PA’ Digital Working Lunch webinar series

Professional Adviser
clock 12 December 2023 • 2 min read
Knowledge is power: How to help turn retirement dreams into reality

Knowledge is power: How to help turn retirement dreams into reality

Being on top of money is key to achieving retirement ambitions

Emma Barrow
clock 29 November 2023 • 6 min read