The majority of the £403m of claims to the Financial Services Compensation Scheme in 2022/23 were due to investment and pension advice as well as SIPP operator failures.
The Financial Services Compensation Scheme has declared 12 failed firms in default in April - including former major SIPP provider Berkeley Burke.
Greyfriars’ SIPP book sold for £820k, newly-published documents have revealed.
Discretionary fund manager (DFM) and Sipp provider Greyfriars Asset Management has slumped into administration.