Mini-bond firm administrators unable to trace nearly £8m
About 500 investors gave funds to collapsed firm linked to London Capital & Finance
About 500 investors gave funds to collapsed firm linked to London Capital & Finance
It could not afford to defend redress claims made against it
All members of staff will be protected as they will move over to acquiring company
Smith & Williamson lifts the lid on what administrators do when companies enter insolvency
Advisers recommended clients transfer pensions which ended up in high risk, illiquid investments
Joint administrators have been appointed to wind down The Lifetime Sipp Company, a Financial Conduct Authority-regulated self invested personal pension scheme administrator based in south-west England.
Joint liquidators have been appointed to the New Earth Group of Funds following an application by the Isle of Man Financial Services Authority (IOMFSA). The application was made with the knowledge and consent of the funds’ directors.
Crowdfunded claims management company Rebus, which specialised in pursuing companies for mis-selling investments later deemed to be tax-avoidance schemes, has entered administration.