Company Information

Get to know PSG SIPP Limited

PSG SIPP Limited was a financial services company that specialised in acting as an operator and administrator for Self-Invested Personal Pensions (SIPPs) in the United Kingdom. A SIPP is a type of personal pension plan that allows individuals greater control and a wider range of investment choices for their retirement savings. On 20 June 2023, the company appointed Joint Administrators from Evelyn Partners LLP and ceased all regulated activities. This action was taken after the company became insolvent due to the financial impact of numerous complaints upheld by the Financial Ombudsman Service (FOS), which related to the company's alleged failure to perform adequate due diligence on high-risk, non-standard investments accepted into its SIPPs. The Financial Services Compensation Scheme (FSCS) is investigating whether there are any claims that meet their qualifying conditions.

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Financial Wealth ManagementPRIMARY
Financial Other Service

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PSG SIPP Limited

United Kingdom

Founded in

2008 (18 Years)

Founded

Last online: No recent activity

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OVERALL SCORE

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Regulated

Recommended

IUX

(2,283 reviews)

Mauritius

2015

(10 years)

Security Information :

FSCA

FSC

ASIC

Security Information

Warning

This company is currently Unproved.

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License

A Grade License

Issued by globally renowned regulators, these licenses ensure the highest trader protection through strict compliance, fund segregation, insurance, and regular audits. Dispute resolution and adherence to AML/CTF standards further enhance security.

B Grade License

Granted by respected regional regulators, these licenses offer robust safety measures such as fund segregation, financial reporting, and compensation schemes. Though slightly less strict than Tier 1, they provide dependable regional protection.

C Grade License

Issued by regulators in emerging markets, these licenses offer basic protections such as minimum capital requirements and AML policies. Oversight is less stringent, so traders should exercise caution and verify safety measures.

D Grade License

From jurisdictions with minimal oversight, these licenses often lack key protections like fund segregation and insurance. While attractive for operational flexibility, they pose higher risks to traders.

TrustFinance is not a licensed financial advisor and is not affiliated with any financial institutions in your region. We encourage you to do your own research before making any investment decisions.