The Financial Services Authority has removed the permissions of SIPP provider HD Administrators with immediate effect after two directors were arrested.
An investigation began after investors claimed the firm had defrauded them of £20m through the promotion of unregulated collective investment schemes (UCIS) via a SIPP. Earlier in March, propert...
To continue reading this article...
Join Professional Pensions
- Unlimited access to real-time news, analysis and opinion from the industry
- Receive our in-depth monthly magazine in either print or digital format
- Access our Sustainable Investment Hub covering news and opinion from thought leaders in the ESG space
- Receive important and breaking news stories selected by the Editors in our daily newsletter
- Hear from industry experts and other forward-thinking leaders
- Receive a monthly members-only newsletter with exclusive opinion pieces from leading industry experts and a feature from the magazine in advance of its release date