PSG SIPP Ltd
What this means for you
Because PSG SIPP Ltd has been declared in default, you can't complain via the Financial Ombudsman Service in the normal way. Instead, eligible customers can apply to the Financial Services Compensation Scheme for compensation.
Background
PSG SIPP Ltd (FRN 514654), a UK-regulated firm providing pension advice, pension transfer services, and SIPP administration, was declared in default by the Financial Services Compensation Scheme on 28 October 2024. The firm offered guidance and administrative services related to Self-Invested Personal Pensions (SIPPs) and facilitated pension transfers for retail customers. Former customers may be eligible for FSCS compensation of up to £85,000 in respect of pension-related investments held through the firm.
Products this firm wrote
How to claim
- Check you were a customer of this firm during the period it was regulated.
- Gather your policy / advice / contract paperwork — start with anything you have in writing.
- Identify your loss and the date it crystallised.
- Apply via the FSCS online claim portal at claims.fscs.org.uk.
- The FSCS investigation typically takes 6–18 months. They will assess eligibility, liability and quantum.