Carey Pensions, a UK-based SIPP provider, has posted a loss of £153,800 in 2016 due to an increase in the number of claims it faces.
The Milton Keynes based SIPP provider specified in its financial statements that they attributed the move to the loss to ‘a number of complaints and legal cases relating to some historic business which is now being run down’. The Chief Executive of Carey Pensions, Christine Hallett, couldn’t comment on the nature of the claims further on the potential value of the complaints or legal matters because they were ongoing cases. She stated: ‘These matters relate to investments into Sipps made on an execution only basis in the period 2011-13’.
Last year, administrative expenses at Carey Pensions increased to £1.8 million, a £0.2 million increase from 2015 (£1.6 million).
A full overview can be found on the City Wire website.
Carey Pensions are based at: 1st Floor, Lakeside House, Shirwell Crescent, Furzton Lake, Milton Keynes, MK4 1GA.
Carey Pensions UK LLP is registered in the UK under Partnership Number OC345142 and authorised and regulated by the Financial Conduct Authority, number 501747: View Their FCA Details Here
Carey Corporate Pensions UK is registered in the UK under Company Number 09358998. The Carey Workplace Pension Trust is regulated by The Pensions Regulator: http://www.thepensionsregulator.gov.uk/