Berkeley Burke Sipp claims could cost FSCS £158m

Pedro Gonçalves
clock • 1 min read

Administrators of collapsed pension provider Berkeley Burke Sipp Administration Limited have warned that the Financial Services Compensation Scheme (FSCS) will pick up the bill for £158m worth of complaints. In September Berkeley Burke, appointed RSM to wind the business down. The Sipp provider's client bank was sold to Hartley Pensions for £800,000, but Berkeley Burke Sipp Administration's liabilities were not taken on as part of the acquisition.  Now the firm's joint administrator Adr...

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