SIPP provider Forthplus Pensions goes into administration

Mark Battersby
clock • 1 min read

The directors of FCA-regulated Forthplus Pensions Limited (Forthplus), appointed Andrew Poxon, Alex Cadwallader and Barry Stewart of Leonard Curtis Business Solutions Group as joint administrators on 19 October 2021. In a statement issued today (20 October), the Financial Conduct Authority said Forthplus "was unable to meet its regulatory capital adequacy requirements and the Board recognised it was no longer able to operate". This was compounded by a large number of complaints at the Financial Ombudsman Service related to their due diligence before taking on pension savers. The FC...

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