What happened
Holborn Assets is a major Dubai-headquartered firm that has advised a large number of UK expats on pension transfers into QROPS and SIPP structures. The firm is still trading.
Route 4 civil litigation is the primary route, anchored on Fletcher [2024]. Route 2 FOS is assessed in parallel where a UK-regulated SIPP operator was used in the transfer chain.
Who this affects
UK nationals in the UAE, Asia, or Europe advised by Holborn Assets on a UK pension transfer, QROPS arrangement, or SIPP investment.