FSCS begins accepting claims against Guinness Mahon; already received 961 complaints

Entered administration in February

Sophie King
clock • 1 min read

The Financial Services and Compensation Scheme (FSCS) is now accepting claims against self-invested personal pension (SIPP) operator Guinness Mahon.

In a note published this morning (29 October), the FSCS said it was aware that many IFAs recommended GMTC [Guinness Mahon Trust Corporation] customers to transfer their pension into a Guinness Mahon SIPP. It added: "...

To continue reading this article...

Join Professional Adviser for free

  • Unlimited access to real-time news, industry insights and market intelligence
  • Stay ahead of the curve with spotlights on emerging trends and technologies
  • Receive breaking news stories straight to your inbox in the daily newsletters
  • Make smart business decisions with the latest developments in regulation, investing retirement and protection
  • Members-only access to the editor’s weekly Friday commentary
  • Be the first to hear about our events and awards programmes

Join

 

Already a Professional Adviser member?

Login

More on Pensions

Financial literacy shortfalls putting savings at 'risk'

Financial literacy shortfalls putting savings at 'risk'

Industry urged to build engagement with savers so they do not make wrong decisions

Holly Roach
clock 13 March 2025 • 2 min read
FOS favours Pathlines Pensions SIPP clients in first post-rebrand cases

FOS favours Pathlines Pensions SIPP clients in first post-rebrand cases

SIPP operator failed to carry out due diligence, FOS finds

Jen Frost
clock 17 January 2025 • 2 min read
SIPP saga continues - FOS upholds four more complaints against Options Pensions

SIPP saga continues - FOS upholds four more complaints against Options Pensions

Complaints continue at what was formerly Carey Pensions

Isabel Baxter
clock 23 December 2024 • 4 min read