Insolvency Service

3 disqualified as directors over £44m SIPP mis-selling

Three directors - two of them IFAs - have been fined and disqualified as directors over a £44m SIPP mis-selling scheme.

Failed SIPP duo banned after paying themselves £1.3m

A father and son duo behind a failed SIPP firm - which saw investors hand over nearly £92m - have been banned as directors after repaying themselves over £1.3m ahead of creditors.

Director of unregistered pension scheme banned for 8 years

A director of a Nottingham-based call centre has been banned from running a business for 8 years due to running an unregistered pension scheme.

SIPP adviser banned as a director for 13 years

Chartered Financial Planner Darren Antony Reynolds has been banned from being a director for 13 years for pension transfer failings which resulted in clients losing £24 from their pensions.

£7m SIPPs adviser is banned for 8 years

A Wolverhampton financial adviser has been banned for 8 years after clients lost £7m due to poor pension investment advice involving SIPPs.

24 firms wound up since 2015 Insolvency Service reveals

Since 2015, the Insolvency Service has applied to the courts to wind-up 24 companies that have carried out a form of pension misuse.

4 directors banned for 34 years in total over SIPP abuse

Four directors involved in transferring £57m out of pension pots - much of it into SIPPs - have been banned for a combined 34 years following an Insolvency Service probe.

Pension firms placed in liquidation

Pension and finance companies have been placed in provisional liquidation following an Insolvency Service probe.

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