Heritage Pensions Ltd
In liquidation 17 March 2022
You might be eligible for compensation
Heritage Pensions Ltd (the firm), is a SIPP operator authorised and regulated by the FCA. On 17 March 2022, the directors appointed Paul David Williams and Edward Robert Bines of Kroll Advisory Ltd as Joint Liquidators.
You can also read details on the FCA website.
FSCS is open to customer claims.
FSCS is investigating if there are any claims that meet the qualifying conditions for compensation. As part of this investigation, we're working closely with the Joint Liquidators.
We will also be working closely with the Financial Ombudsman Service (FOS) regarding claims that have been made to them. If you have already made a claim to them, they will contact you regarding any potential referral to FSCS.
The latest news regarding our work on the firm will appear on this page. We will update this page as our investigations progress. Customers should subscribe to this page to receive the latest updates.
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17 Mar, 2022
Heritage Pensions Ltd has failed and was placed into Liquidation on 17 March 2022.
FSCS is now accepting claims against this firm.
FSCS is currently investigating whether any customers who have submitted claims to us are eligible for compensation. Until we have finished our investigations, we cannot say whether we will be able to pay claims against Heritage.
FSCS and the Financial Ombudsman Service
If you already have a claim with the Financial Ombudsman Service (FOS), you don't need to take any action now. The FOS will be in touch shortly to tell you your next step.
FSCS is free to use and you don’t need to use a representative or a solicitor to make a claim. If you claim directly with us, you will receive 100% of any compensation due.
See our investment compensation limits and their conditions on our Investments page.
What if you dealt with an FCA-authorised adviser?
In some cases, FCA-authorised independent financial advisers (IFAs) may have recommended customers transfer their existing pensions to a Heritage SIPP.
You can check to see whether your financial adviser has ever been authorised by FCA by visiting its online register.
If you were advised by an FCA-authorised adviser that’s no longer trading, you should submit a claim to FSCS against your financial adviser.
We consider different factors when calculating losses on pension advice (a claim against your financial adviser) compared to claims against SIPP operators (a claim against your SIPP provider).
This means you may receive more compensation for any losses by claiming against your financial advisor (IFA) compared to a claim against your SIPP provider. So, we recommend submitting a claim for compensation to us against your IFA first.
If you were advised by an FCA-authorised adviser that’s still trading, you need to complain to them before FSCS can consider your claim against Heritage.
If your adviser rejects your complaint, you can take your complaint against your adviser to the Financial Ombudsman Service (FOS).
If you were introduced to Heritage by a firm that was not FCA authorised, you can now make a claim to FSCS.
FSCS work on Heritage
If you haven't got a claim with the FOS, or a potential adviser claim and you think that you have a claim against Heritage, click the ‘Check if you can claim’ button to start the process.
Although we're accepting claims against Heritage, they will not immediately be passed to our claims processing teams for assessment. We need first to establish whether the claims are eligible under our rules. We are currently investigating this, and it may take some time.