Key Facts About Gaudi Regulated Services Limited and Greyfriars
– Gaudi Regulated Services Limited entered administration in April 2023
– The firm was declared in default by the Financial Services Compensation Scheme on 20 March 2026
– Gaudi took on approximately 4,000 clients from troubled SIPP firm Greyfriars in 2018
– Greyfriars was connected to high risk investment portfolios including Portfolio Six
– Many investments involved overseas property bonds and unregulated investments
– Several firms connected to these pension structures later entered administration
– Investors may be able to claim compensation through the Financial Services Compensation Scheme (FSCS)
Background to Greyfriars, SIPPs and Portfolio Six
A number of firms were involved in the pension structures linked to Greyfriars and related investments, including advisers, SIPP providers and discretionary fund managers. Over time, several of these firms entered administration or ceased trading, leaving many pension investors facing significant losses and uncertainty about who was responsible for their pension investments.
Before entering administration, parts of the Greyfriars business were sold to other regulated firms, including Insight Financial Associates, which acquired parts of the advice business. The SIPP administration side of the business was later connected to Hartley Pensions, which had previously acquired The Lifetime SIPP. The Lifetime SIPP has since been dissolved.
FCA Investigation and Portfolio Six
In November 2016, Greyfriars reached an agreement with the Financial Conduct Authority to stop accepting new investors into its Discretionary Fund Manager Portfolio Six. The Financial Conduct Authority had concerns about the types of investments held within this portfolio.
The investigation identified that a large proportion of the investments within Portfolio Six were property based corporate bonds and other overseas investments. Many of these investments were unregulated and considered high risk, particularly for pension investors who are typically seeking long term, stable growth rather than speculative investments.
As part of the regulatory action, Greyfriars was required to undergo a Skilled Person Review under the supervision of the Financial Conduct Authority.
Multiple Firms Entering Administration
In many of these pension cases, the adviser firm, SIPP provider and discretionary fund manager were separate companies but were all involved in the same investment structure. When several of these firms later entered administration or ceased trading, investors were often left unsure who was responsible for the advice, the pension administration, or the underlying investments.
Why You May Be Entitled to Compensation
You may be entitled to compensation if:
– You were advised to transfer your pension
– You invested in high risk or unregulated investments
– You were advised to invest in overseas property bonds or similar investments
– You were not properly informed of the risks
– Your pension lost value
– The adviser firm has since gone into liquidation or administration
– The investment was unsuitable for your circumstances
– You were advised to move from a defined benefit or low risk pension into a higher risk SIPP investment
Financial Services Compensation Scheme (FSCS)
If the firm that advised you has entered liquidation, administration or is no longer trading, you may be able to claim compensation through the Financial Services Compensation Scheme.
The Financial Services Compensation Scheme is a government-backed scheme that compensates consumers when authorised financial firms have failed.
The current compensation limit is up to £85,000 per person, per failed firm.
No Win No Fee Pension Claims
We handle pension compensation claims on a No Win No Fee basis.
This means:
- If your claim is unsuccessful, you do not pay our fees
- If your claim is successful, our fee is taken as a percentage of the compensation recovered
- We will assess your case before proceeding
- We will explain the process clearly before any agreement is signed
Frequently Asked Questions
Can I claim compensation for a Greyfriars or Gaudi pension?
If you transferred your pension and invested in high risk or overseas investments and your pension lost value, you may have a claim.
What if the adviser firm has closed?
You may still be able to claim through the Financial Services Compensation Scheme.
How long do claims take?
Claims can take several months depending on the complexity of the case and the number of firms involved.
How much compensation can I receive?
This depends on the size of your pension and the losses suffered.
Next Steps
If you believe you may have been affected by Gaudi Regulated Services Limited, Greyfriars, a SIPP provider, or a Discretionary Fund Manager connected to these investments, you may be entitled to compensation.
Call us today for a free phone or video consultation on 0800 041 8359 to discuss whether you may have a claim and what the next steps are.
