SIPP provider goes bust over ombudsman diligence decisions

Mark Battersby
clock • 1 min read

Corporate & Professional Pensions Limited, a  SIPP operator authorised and regulated by the FCA, has gone into administration after being unable to pay Financial Ombudsman Service final decisions over due diligence claims.  On 1 February 2022 the directors appointed Adam Stevens and Nick Myers of Smith & Williamson LLP as joint administrators, the UK's Financial Conduct Authority said in a statement on 1 February.  The regulator said Corporate & Professional has sought professional insolvency advice and as a result the directors recognised it was insolvent and no longer able to operat...

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