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PSG SIPP Limited (PSG SIPP) went into administration on 25 October 2024. Christopher Allen and Adam Stephens of Evelyn Partners have been appointed as joint administrators.
PSG SIPP is a self-invested personal pension (SIPP) operator authorised and regulated by the FCA.All SIPP schemes administered by PSG SIPP, except Unity SIPP, have been transferred to the regulated SIPP operator, Alltrust Services Limited (Alltrust). PSG SIPP has exchanged contracts with London and Colonial Services (LCS), a regulated SIPP operator, to acquire Unity SIPP.Unity SIPP customers will be supported by Alltrust for a limited period. Once LCS has completed its purchase of Unity SIPP, it will write to impacted customers to explain what is happening to their pension funds, as will Evelyn Partners.These deals mean that PSG SIPP customers, including Unity SIPP customers, can continue to contribute, withdraw and make investment decisions the same as before.Evelyn Partners and Alltrust will communicate next steps to customers holding SIPPs previously administered by PSG SIPP.This article sets out the steps PSG customers should take and advice on how to protect against scams.Who to contactIf you have an urgent question, you can contact Evelyn Partners using the details below.Email: psgsipp@evelyn.comPhone: +44 (0) 121 410 5566Be alert to scamsAll consumers should remain alert to the possibility of fraud.If you were a client of PSG SIPP and are cold called by someone claiming to be from PSG SIPP, Evelyn Partners, Alltrust, London and Colonial or any other company claiming to be involved in the administration, please end the call and contact the relevant party using the details below.Email: psgsipp@evelyn.comProtect yourself from the most common types of scams.Our ScamSmart pages also provide advice on how to avoid investment and pension scams.
https://www.fca.org.uk/news/news-sto...administration
