Yorsipp Limited

Yorsipp Limited was a specialist pension administrator established in 2006, focusing on providing Self-Invested Personal Pensions (SIPPs) and Small Self-Administered Schemes (SSASs). The company allowed individuals to have greater control over their pension investments, including the ability to hold a wide range of assets like commercial property and non-standard investments. However, the company faced significant financial difficulties due to a high volume of complaints and claims related to its due diligence on high-risk investments accepted into its SIPPs. Unable to meet its liabilities, Yorsipp Limited entered into administration on 13 January 2022. Its SIPP and SSAS books were subsequently sold to other regulated firms, and the UK's Financial Services Compensation Scheme (FSCS) is now managing claims from affected customers.