Administration

FCA issued High Court proceedings against Concept Capital Group last year

Administration expected to conclude in 2027

Scheme operated around 5,500 SIPPs

PSG SIPP administered schemes transferred or to be acquired

Business and assets sold

Nearly a year after parts of the business were shut down and sold off

The Bristol-based firm has appointed insolvency practitioners

Claims for unsecured debts rank equally among each other

Rebrands to WBR Group to 'reflect the larger organisation'

‘In the interest of clients’