19 September 2019 | Comment | Article by Ria Coleman
North Star - another SIPP provider to hit the headlines
North Star, a self-invested personal pension (SIPP) provider was dissolved in June 2019.
The industry’s lifeboat fund, the Financial Services Compensation Scheme (FSCS) has confirmed that it will accept claims against North Star, likely to be based on their failure to comply with their due diligence obligations in allowing their customers to make high risk investments through their SIPPs.
North Star is just the latest in a long line of SIPP operators that has suffered the same fate, for the same reasons.
The FSCS will now consider claims against the following SIPP operators:
- Brooklands Trustees Ltd
- Stadia Trustees Ltd
- Montpelier Pension Administration Services Ltd
- The Lifetime SIPP Company Limited
- GPC SIPP Ltd
- Pointon York Limited
- North Star
- Berkeley Burke
If you invested via any of the above SIPPs and have lost money, Hugh James’s specialist lawyers can help. Contact our financial mis-selling team for a free initial consultation.
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