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FSCS declares The Lifetime SIPP Company Limited in default

Financial Services Compensation Scheme (FSCS) has today declared The Lifetime SIPP Company Limited in default.

FSCS has now concluded its investigations into the firm’s practices. Our investigations have focused on the levels of due diligence Lifetime carried out prior to allowing customers to make specific investments under their pensions. FSCS has determined that protected claims exist against the firm.

Claims already submitted against Lifetime will shortly be passed to our claims processing teams for assessment. Around 400 customers are affected.

Customers who have not yet made a claim relating to Lifetime can do so via our online claims service at www.fscs.org.uk selecting the ‘Check if you can claim’ button, and then following the instructions.

Customers can also call FSCS on 0800 678 1100. FSCS will keep customers updated about Lifetime via its website at www.fscs.org.uk/failed-firms/lifetime

Media enquiries

Suzette Browne - T: 020 7375 8633

James Tweed - T: 020 7375 8646

Catherine Goodier - T: 020 7375 8631

E: publicrelations@fscs.org.uk

Notes for editors

Read more about the remit of FSCS on our Notes for editors page.

 

Channel website: https://www.fscs.org.uk/

Original article link: https://www.fscs.org.uk/about-fscs/media-centre/press-releases/2019/june/lifetime-sipp-company-in-default/

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