Millions of people have been persuaded to invest their pension pot in Sipps and have then lost money after the high returns they were promised didn’t happen.
The Sipp administrators who made these investments invested in high-risk schemes like Ethical Forestry, Global Plantations and InvestUS.
Some of the SIPP providers responsible for mis-selling include:
- Guinness Mahon
- The Lifetime SIPP Company
- Carey Pensions
- Beaufort Securities
- Greyfriars Asset Management