UK FSCS Announce Three SIPP Trustees In Default

Gary Robinson writing for the International Investment publication covers the FSCS announcement that Brooklands Trustees Ltd, Stadia Trustees Ltd and Montpelier Pension Administration Services Ltd are in default. Gary's article quotes FSCS as saying that consumers could get back money they have lost as a result of their dealings with one or more of these entities, providing they are able to prove to it that “their application for compensation relates to a protected claim”, which it defines as “a valid claim made in respect of a civil liability owed by the firm, or successor [entity], to the claimant, or successor, which is covered by FSCS”. International Investment are one of several publications reporting this development. Click on graphic left to read full article.