Mis-sold Liberty SIPP Pension

On 27th April 2020, Liberty SIPP Limited entered into administration, with Leonard Curtis being appointed as the administrator.

EBS Pensions Limited bought Liberty SIPP’s business and customer assets in October 2018 but the entity itself was not and as a consequence the entity no longer has any of its previous customer assets under administration.

Liberty SIPP were advised that due to a number of binding decisions from the Financial Ombudsman Service (FOS), they were insolvent based on the amount of potential claims that related to high-risk non standard investments. Additionally, they was advised that to provide protection for creditors and former customers, they should enter into administration.