Heritage Pensions Ltd advised clients of the proposed sale to PSG SIPP Ltd. Heritage clients have now been formally written to urging them to approve the proposed sale to PSG SIPP Ltd.

Within this notice clients have been assured all SIPP term and conditions will remain the same after the acquisition including fees and charges. Furthermore, clients will have the ability to transfer their benefits from their existing SIPP to another provider should they wish. This replacement of operation to PSG Ltd will not involve any costs to the clients or their SIPP funds.

Heritage Ltd Background

The Brooklands Trustees Limited was a financial management firm who developed a subsidiary known as Brooklands SIPP specialising in pension investments. Brooklands Trustees Limited entered into administration in August 2016 allowing Heritage Ltd to acquire clients whilst the Financial Ombudsman was investigating adjudications against them.

Brooklands Trustees management later came to the decision to sell the responsibility of managing and running the Brooklands SIPP in the UK to Heritage Limited. Due to this change of management, all claims regarding a lack of regulation and due diligence were redirected to the Financial Services Compensation Scheme (FSCS). Heritage included several unregulated and high-risk investments into their portfolio of approved investments, unfortunately other SIPP providers such as Harlequin Property had also followed suit.

The majority of investors in Harlequin Property lost their entire investment, therefore if you have dealt with Heritage Pensions or Brooklands Trustees it is very possible you may have lost money and could be entitled to financial redress or compensation.

Next Steps

Call us now for a phone or video consultation with one of our legal experts on 0800 041 8358 to find out if you are entitled to compensation, you may even be entitled to additional compensation if you have successfully claimed in the past.

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