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Gaudi Regulated Services Ltd

Under Investigation 26/04/2023

FRN: 488015

Gaudi Regulated Services Ltd (Gaudi) was a SIPP operator authorised and regulated by the Financial Conduct Authority. It was placed under investigation by the Financial Services Compensation Scheme (FSCS) in April 2023.

According to the FSCS Gaudi Regulated Services Ltd provided or administered ‘white label’ SIPPs (Self-Invested Personal Pensions). These could be branded and modified to suit other firms, also referred to as business partners.

On 25th April 2023, Gaudi entered administration and the directors appointed Sean Bucknall and Andrew Watling of Quantuma Advisory Ltd as Joint Administrators.

It was also announced that shortly before Gaudi went into Administration it sold its book (its assets & customers) to authorised SIPP operator Platform One Ltd.

Why has Gaudi entered administration?

According to the FCA statement, Gaudi went into administration following the outcome of several complaints made by its clients to the Financial Ombudsman Service. These complaints which were upheld in favour of the clients were in regard to some of the investments Gaudi allowed within its SIPPs.

The directors “recognised the financial liabilities associated with these decisions and other potential Financial Ombudsman decisions”

Having sought insolvency advice which concluded the firm was insolvent the board decided to place the company in administration.

 

FSCS Claims against Gaudi Regulated Services Ltd

The FSCS has said it is accepting claims from clients of Gaudi Regulated Services Ltd. However, at present it is currently investigating and trying to establish if there are any claims that are eligible under its rules.

The latest update on its website stated: “We anticipate this will be a complex investigation given that there are a number of business partners who used Gaudi white labelled SIPPs, each of which will have to be considered in turn.”

The FSCS also said that it believes its investigations are “likely to take us some time”

The latest news and updates regarding Gaudi will appear on the FSCS website.

Key Facts

1
Gaudi entered administration following the outcome of several complaints made to the FOS by its clients in respect of investments in its SIPPs
2
The FSCS is now investigating to establish if there are claims that are eligible under its rules
3
If you are concerned about pension mis-selling and want to know more about making a claim our initial assessment could help! We can tell you if we think you have a case - no obligation to use our service.

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Important Information!

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It is possible for you to present the claim for free, either to the firm or person against whom you wish to complain or to the statutory ombudsman (Financial Ombudsman Service or Pension Ombudsman Service) or the Financial Services Compensation Scheme, whichever is applicable to your claim.