The time has come. Liberty SIPP which has been fighting claims for many years, has fallen into administration, appointing Leonard Curtis as joint administrators.
Lee Lummis, a former director of the unregulated introducer Avacade, was the only member of the accused (the others being Craig Lummis and Raymond Fox) to attend proceedings on the final day of the case at the High Court.
The firm, based in Wolverhampton lost its permissions in August 2019 after the regulatory body reviewed its business transactions.
Guinness Mahon entered administration following a number of claims made against it relating to non-standard investments in its SIPPs.
The regulatory body, the FCA, the FSCS and the Information Commissioner’s Office (ICO) have issued a joint statement, warning insolvency practitioners and FCA-authorised firms to be responsible when dealing with personal data.
Kent based Facts and Figures Financial Planners Ltd entered voluntary liquidation in July 2019.