The Financial Services Compensation Scheme declared Forthplus Pensions Limited in default in 2025, having received 644 claims against the firm. If you held a Self-Invested Personal Pension with Forthplus, previously known as Athena Pensions, the FSCS is now able to assess your claim and pay compensation of up to £85,000 where your claim is upheld.
Forthplus Pensions Limited (FRN 653170) was an FCA-regulated SIPP provider that managed retirement savings for approximately 2,500 clients, with total assets under administration reaching over £500 million. The firm had operated under the name Athena Pensions before rebranding as Forthplus. In October 2021, after concluding that it could no longer meet its regulatory capital requirements, the board placed the firm into administration.
SIPP providers occupy a position of considerable trust. They act as the custodians of people’s retirement savings and are responsible for ensuring that the investments within those pensions are appropriate and that proper due diligence is carried out before permitting them. The Financial Ombudsman Service found, in a number of provisional assessments, that Forthplus had failed in that duty of care in several cases, allowing clients to make investments that were not properly scrutinised.
The result, for many clients, was that their pension savings were placed into high-risk or illiquid investments without adequate oversight. Some of those investments subsequently failed or became inaccessible, causing real and lasting financial harm to people who had done nothing more than trust a regulated provider with their retirement savings.
If you held a SIPP with Forthplus or Athena Pensions and have suffered losses, please book a free consultation with our team. You are not at fault for having trusted a regulated pension provider. The responsibility for ensuring your pension was handled properly lay with Forthplus, and where that responsibility was not met, you have every right to seek compensation.
Get Help With Your Claim
If you had dealings with Forthplus Pensions Limited and are worried about your money, please book a free consultation with our team. You may feel embarrassed about what has happened, but you should not. You were let down by people who had a professional and legal duty to act in your best interest. We will carry out all the investigative work on your behalf, at no cost to you. If your claim is not successful, you will not pay a penny. Call us during office hours or email hello@claimmyloss.co.uk – we are here for you.
