Gaudi Regulated Services Limited (GRSL) was declared in FSCS default in March 2026 following the collapse of its third-party white-label SIPP business model — notably through the EasySIPP platform. The FSCS is now assessing claims on a case-by-case basis, focusing heavily on the EasySIPP client cohort. The default was declared only recently. The claim window is now open.
FSCS default declared: March 2026
Gaudi Regulated Services Limited (GRSL) was both the FCA-authorised SIPP operator and trustee behind a number of white-label SIPP products — most notably EasySIPP — which allowed third-party firms to offer pension products under their own branding while Gaudi held the regulatory permissions as the authorised operator.
This white-label model created a significant due diligence gap. EasySIPP's business partners directed clients into a range of investments — including unregulated overseas property schemes and non-standard assets — while Gaudi, as the FCA-authorised operator and trustee, bore the regulatory responsibility for those investments entering its SIPP wrapper without conducting the required due diligence on the introducers or the underlying assets.
The FSCS declared Gaudi in default in March 2026 following its inability to meet compensation liabilities arising from these due diligence failures. The FSCS is actively assessing claims, with particular focus on the EasySIPP client cohort. Gaudi clients were often unaware they were dealing with Gaudi at all — their SIPP paperwork was branded under a white-label name.
The following decisions are a matter of public record held in the FOS decisions database. Summaries are factual and based on published ombudsman findings. Decision references can be verified at financial-ombudsman.org.uk.
The FOS decision confirmed that Gaudi Regulated Services Limited (GRSL) was the FCA-authorised operator and scheme administrator behind the Jarvis SIPP product. All correspondence under the Jarvis SIPP name used GRSL's registered address. The decision illustrates the white-label structure through which Gaudi operated — clients dealt with branded front-ends but GRSL bore the regulatory responsibility as the authorised operator. The FOS investigation into due diligence failures on transfers out of the Jarvis/EasySIPP arrangements confirmed the regulatory obligations sat with GRSL.
Gaudi was declared in FSCS default in March 2026. The FSCS is actively assessing claims, focusing particularly on the EasySIPP client cohort and due diligence failures on the third-party business partners that directed investments into Gaudi-operated SIPPs.
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. EasySIPP cases involving overseas unregulated advisers are particularly relevant for Route 4.
Uncapped — court proceedingsMarch 2026 default — the FSCS claim window has just opened. Gaudi was declared in default only recently. If you held a Gaudi-operated SIPP — including through EasySIPP or any other white-label product where Gaudi was the authorised operator — your FSCS claim route has just become available. However, the FOS clock on the underlying transfer runs independently and may be at or near expiry for transfers before 2020. Act immediately. 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.
If your SIPP was operated under the EasySIPP brand or any other white-label product administered from Gaudi's registered address, Gaudi Regulated Services Limited (GRSL) was your authorised SIPP operator. Check your original SIPP paperwork — it will reference GRSL as the HMRC-registered scheme administrator or FCA-authorised operator.
Yes. The FCA regulatory responsibility attaches to the authorised operator — Gaudi — not to the white-label front-end. Gaudi held the FCA permissions and bore the due diligence obligations regardless of what name appeared on your client-facing documents.
EasySIPP clients were placed into a variety of investments by the third-party business partners using the platform, including unregulated overseas property schemes and other non-standard assets. The specific investments varied by introducer network.
Yes, the FSCS route just opened. However, do not confuse the FSCS claim window (which opens on default) with the FOS complaint time limits (which run from the original transfer date). Both operate simultaneously with different clocks. An urgent assessment will clarify which routes are open for your specific case.
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