An investigation looking at possible compensation claims against an advisory firm is to hone in on its actions on Sipps.
The Financial Services Compensation Scheme said today it is continuing to probe claims against TailorMade Independent Limited, to determine whether it can pay compensation.
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TailorMade entered Creditors' Voluntary Liquidation on 15 October 2013.
The FSCS said on its website: "In particular, we are considering the firm's involvement in advising its clients to transfer existing pensions to Self Invested Personal Pensions.
"The funds were then invested in schemes including Green Oil Plantations and Harlequin Hotels and Resorts.
"Although TailorMade Independent Limited is in Creditors Voluntary Liquidation, FSCS has not yet declared it in default.
"We are currently investigating the extent to which TailorMade Independent Limited is liable for any of the losses its customers have suffered."
More information will be provided as soon as it is possible, it added.
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Sipps at centre of FSCS probe
