FSCS Failed

Was your pension held in a GMTC (Guinness Mahon Trust Corp) SIPP?

GMTC has been declared in default. As a SIPP operator, GMTC bore due diligence obligations. Route 4 civil litigation and Route 3 FSCS are both available.

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£25,000 Claim band from
8/10 Opportunity score
UK Domestic Segment
Route 4 Primary route
Firm Assessment

● FSCS Default | SIPP Operator Liability | Wellington Court Pipeline

What happened

Guinness Mahon Trust Corp (GMTC) was a SIPP operator that accepted high-risk investments and has been declared in default by the FSCS.

Route 4 civil litigation for SIPP governance failures — anchored on Berkeley Burke v FOS [2018] and Fletcher [2024] — runs separately from, and in addition to, any Route 3 FSCS claim against the adviser.

Who this affects

Anyone whose pension was transferred into a GMTC SIPP — particularly Wellington Court Financial Services clients — who suffered losses on high-risk investments.

Claim Routes

Which Routes Apply to This Firm

Based on this firm's current regulatory status, the following routes are available. Primary route is listed first.

Route 4

Civil Litigation (Uncapped)

Uncapped civil court recovery where the SIPP operator, pension trustee, or other party bears legal responsibility. Pursued through our SRA-regulated solicitor partner panel. Fully uncapped under SRA Claims Management Fees Rules 2024 (Rule 2.6).

No cap. Civil courts can award the full value of your demonstrable financial loss. Legal basis: Berkeley Burke v FOS [2018], Adams v Carey Pensions (FSMA s.27), Fletcher v Options UK [2024] EWCA Civ 541.
Route 3

FSCS Claim (Failed Firm)

Direct claim to the Financial Services Compensation Scheme where your adviser firm has closed, entered administration, or been declared in default. Government-backed compensation of last resort.

FSCS pays up to £85,000 per person, per firm for pension advice mis-selling. For losses above this limit, Route 4 is assessed in parallel.
Questions & Answers

Frequently Asked Questions

What is SIPP operator liability?
A SIPP operator must conduct due diligence on the investments it accepts. Where it failed, it is liable — regardless of what the financial adviser told the client.
Can I claim against GMTC and my adviser at the same time?
Yes. Route 4 against GMTC and Route 3 against the adviser run independently.
Urgent — Act Promptly

Time Limits on Your Claim

Pension mis-selling claims are subject to strict DISP and Limitation Act time limits. Missing a deadline can permanently bar your right to compensation.

⚠ Do Not Delay

SIPP operator claims have specific time limit considerations depending on when investments were made and when losses crystallised. View our time limits guide.

View the full time limits guide →

Start Your Free Claim Assessment

Our SRA-regulated solicitor partners assess every case individually — free of charge, with no obligation to proceed.

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Also Reviewing

Other Firms Under Assessment

Redress Advisory is reviewing pension transfer advice from a range of firms. If your adviser is listed below, a dedicated claim page is available.

Named firms with dedicated pages
Pembrokeshire Mortgage CentreActive Wealth (UK) LtdVintage Investment ServicesCeltic Wealth ManagementTenet GroupLighthouse Financial AdviceSt James's PlaceHolistic Pension Transfer SpecialistsWellington Court Financial ServicesPurely Pensions / Purely FinancialBrite Advisory GroupdeVere GroupAES InternationalChase BuchananGuardian Wealth ManagementFiduciary Wealth ManagementHolborn Assets

Important Notice

Redress Advisory Ltd (Company No. 17295681) is a technology platform that provides case assessment and referral services. Redress Advisory is not a claims management company and is not regulated by the Financial Conduct Authority as such. All regulated claims management activity and legal work is carried out exclusively by our Operating SRA Partner (OSP) solicitor firms, each of which is independently authorised and regulated by the Solicitors Regulation Authority.

You do not need to use Redress Advisory or a solicitor to pursue a pension mis-selling complaint. You can complain directly to the financial firm, escalate to the Financial Ombudsman Service (FOS), or apply to the Financial Services Compensation Scheme (FSCS) yourself, free of charge. If you instruct a solicitor through our OSP partner panel, their fees will reduce any compensation you receive.

The information on this page is for general informational and educational purposes only. It does not constitute legal, financial, or regulated advice of any kind. Individual outcomes depend on the specific facts of each case.

FOS: 0800 023 4567  |  FSCS: 0800 678 1100  |  FCA Register: register.fca.org.uk