The Freedom SIPP Ltd is an FSCS-defaulted SIPP operator declared in default after accepting unregulated, non-standard assets that subsequently became entirely illiquid. If you held a Freedom SIPP, compensation may be available through the FSCS up to £85,000.
Start your free assessment →The Freedom SIPP Ltd was a SIPP operator that accepted non-standard, unregulated investments into client pension wrappers without conducting the due diligence required under FCA Principles 2, 3, and 6. The investments — typically illiquid assets introduced via unregulated advisory networks — subsequently became entirely illiquid, trapping clients' pension savings with no route to realisation.
The FSCS declared The Freedom SIPP Ltd in default after the firm was unable to meet its compensation liabilities. The FOS had previously found against the firm in multiple upheld decisions relating to its acceptance of non-standard assets without proper due diligence on the underlying investments or the introducer firms directing business to it.
The Freedom SIPP Ltd is in FSCS default. FSCS claims are open for eligible claimants relating to due diligence failures on non-standard assets and their introducers.
Up to £85,000Where losses exceed the FSCS cap or where unregulated introducers trigger FSMA s.27 rights, civil proceedings may recover the full uncapped amount. Particularly relevant where the asset is entirely illiquid and total loss has occurred.
Uncapped — full lossIf your Freedom SIPP holds illiquid assets that have only recently been formally valued or written off, your awareness clock may have started later than the original transfer date. Do not assume the time limit has passed without obtaining a specific assessment for your case. See redressadvisory.com/time-limits for the full limitation framework.
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.
Yes. The FSCS compensation route applies regardless of whether the underlying assets are illiquid. The FSCS assesses the value of your claim based on the original transfer amount and the current position.
The Freedom SIPP Ltd was declared in FSCS default. The exact default date is confirmed on the FSCS failed firms register at fscs.org.uk. Check there for the current claims status.
It is helpful but not essential. A formal assessment can work through the evidence available, including your original SIPP application form, to identify the introducer and assess the regulatory breach.
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