The Lifetime Sipp Company in administration

capital0ne

Administrators appointed to find a buyer for The Lifetime Sipp Company!!!8217;s pension assets have urged investors with funds at the failed firm to contact financial advisers.

The Lifetime Sipp Company is one of hundreds of small firms offering self-invested personal pensions (Sipps). These allow investors to put their cash into a far wider range of assets than is allowed through schemes operated by employers.

The full story here:
https://www.telegraph.co.uk/pensions-retirement/news/another-scheme-folds-ask-safe-pension/

darren72

Is this the company that was operating Interactive Investor's SIPP's until very recently ?

goRt

darren72 wrote: »

Is this the company that was operating Interactive Investor's SIPP's until very recently ?

Yes, I'd like to think that I've played a part in its demise. Its position was that as I had still had a balance in my SIPP I would be taking further payment preventing me from using form P55 to get the excess tax rebated - this is counter to HMRC guidance and means form P55 would never apply. iii front office just did what lifetime said without question and FOS swallowed the same line without evidence on its initial response.
This 18-19's SIPP payment is proving equally interesting with iii having nowhere to hide as LT went away in Dec/17

westv

capital0ne wrote: »

The full story here:
https://www.telegraph.co.uk/pensions-retirement/news/another-scheme-folds-ask-safe-pension/

Only if you pay for it.

capital0ne

westv wrote: »

Only if you pay for it.

Well of course - why wouldn't you?