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
Become a Professional Pensions Lite Member today
In just a few clicks you can start your free Professional Pensions Lite membership for 12 months, providing you access to:
- Three complimentary articles per month covering the latest real-time news, analysis and opinion from the industry
- Receive important and breaking news stories via our two daily news alerts
- Hear from industry experts and other forward-thinking leaders
Are you a trustee, investment consultant or in-house pension and benefit scheme professional? You can apply for full complimentary access here
