SIPP Operator Claim
FSCS DEFAULT

European Pensions Management — SIPP Operator Claim

European Pensions Management is an FSCS-defaulted SIPP operator that failed following systemic regulatory breaches and administrative collapses concerning non-standard assets. FSCS compensation is available for eligible claimants up to £85,000.

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What Happened

European Pensions Management was a SIPP operator that failed following systemic regulatory breaches in its handling of non-standard assets within client pension wrappers. The firm accepted business involving high-risk, unregulated investments introduced via third-party networks without the required due diligence on either the introducers or the underlying assets.

The administrative collapse of European Pensions Management left clients with illiquid, difficult-to-value assets and no functional operator to manage their pension arrangements. The FSCS declared the firm in default, opening a compensation route for eligible claimants.

Cases involving the international expat market — where European Pensions Management handled SIPP transfers from UK defined benefit schemes arranged via overseas unregulated advisers — may additionally trigger FSMA s.27 unwinding rights.

Which Claim Routes Apply

Route 3

FSCS Compensation

European Pensions Management is in FSCS default. FSCS claims are open for eligible claimants. The FSCS assesses claims relating to the firm's due diligence failures on introducers and non-standard assets.

Up to £85,000
Route 4

Civil Litigation

Where losses exceed £85,000 or where FSMA s.27 applies to unregulated introducer chains, civil proceedings may recover the full uncapped amount.

Uncapped — court proceedings
⚠ Time Limit Warning — Act Now

FSCS limitation rules apply from the date of default. FOS complaint time limits run separately. If you transferred into a European Pensions Management SIPP between 2012 and 2018, the six-year absolute FOS clock may be relevant. Obtain a formal assessment immediately to establish which routes remain open. See redressadvisory.com/time-limits for the full limitation framework.

Indicative Compensation Range

FSCS Route (Route 3)
Up to £85k
FSCS statutory cap £85,000 per firm
Civil Litigation (Route 4)
Full transfer value
Uncapped — court proceedings

Figures are indicative only and based on typical case profiles. Your actual position depends on your specific circumstances, the transfer value, and the applicable claim route. Not a guarantee of outcome.

Frequently Asked Questions

Who operated my pension if European Pensions Management failed?

When a SIPP operator fails, the FSCS typically arranges for the book to be transferred to another regulated administrator while claims are processed. The FSCS website confirms the current status of European Pensions Management's client book.

Can I claim if I transferred from a DB pension into European Pensions Management?

Yes. DB transfer cases are among the highest-value SIPP mis-selling claims. The calculation uses FCA DISP Appendix 4 methodology to establish the current cost of reinstating your DB pension rights and comparing that to your current SIPP value.

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Redress Advisory Ltd is a technology platform. It is not a claims management company authorised by the FCA. All regulated claims work is carried out by our SRA-authorised Operating Partner solicitor firms. You may complain directly to the Financial Ombudsman Service (FOS) on 0800 023 4567 or to the Financial Services Compensation Scheme (FSCS) on 0800 678 1100, both free of charge. Compensation ranges are indicative only and are not a guarantee of outcome. Time limits apply. Legal references: Berkeley Burke v FOS [2018] EWHC 2878 · Adams v Options UK [2021] EWCA Civ 1188 · Fletcher v Options UK [2024] EWCA Civ 541.