Collapsed Sipp firm's 450 claimants could wait years for redress

Pedro Gonçalves
clock • 2 min read

The Financial Services Compensation Scheme (FSCS) has received 450 claims against collapsed Lifetime Sipp Company, which has not yet begun paying out as Lifetime is still to be declared in default. The provider, which collapsed last year after receiving claims from a number of unhappy investors, has moved from administration to liquidation, according to an entry on Companies House from April 2. A company administration aims to help the company repay debts and, if possible, avoid insolve...

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