The Lifetime Sipp Company, which was facing 40 claims at the Financial Ombudsman Service (FOS), has fallen into administration.
The New Model Adviser stated today (April 13, 2018) ” The Sipp operator’s collapse comes two months after the chairman of the Sipp trade body, Zachary Gallagher, warned the Financial Services Compensation Scheme’s (FSCS) decision to pay out for claims against three Sipp providers (Brooklands Trustees, Stadia Trustees, and Montpelier Pension Administration Services) would encourage claims against other Sipp providers. Gallagher said the ruling ‘increased risk of Sipp operator failure’ by encouraging claim. “
Legal Force have for a while now been successfully helping many clients of The Lifetime SIPP Company claim compensation for their mis sold SIPP investment.
We are very experienced and knowledgeable in this particular field and familiar with the company, if you want to discuss your options call us now on 01425 517 350.
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