Better Retirement Group Ltd / SIPP Club

Investors face losing thousands of pounds from their pensions due to poor pensions advice. Were you one of these people?   

Better Retirement Group Ltd have been advising people on pensions and retirement options for over 25 years.

It was formerly known as Directly Financial Ltd and Financial Strategy Ltd.

During this time, they’ve also taken on many trading names including SIPP Club.

Latest on Better Retirement Group – FSCS declares default

The Financial Services Compensation Scheme (FSCS) declared Better Retirement Group in default on January 17th 2023.

According to reports Better Retirement Group, who entered liquidation in September, has a total of 217 claims against it with 199 in progress.

In September 2022, the FSCS began investigating BRG, prior to which the Financial Ombudsman Service had upheld 17 complaints against it relating to unsuitable pension transfer advice. Five of these were made by members of the British Steel Pension Scheme. 


What is SIPP Club?

SIPP Club was founded in 2012 and became a trading style of Best Retirement Group in 2018. According to its website the aim of SIPP Club is to “become your trusted financial friend”


SIPP Club and Dolphin

SIPP Club has been involved in some consumers transferring from highly beneficial company pensions (Final Salary) into SIPPs and into unregulated high-risk investments.  One such investment was Dolphin Capital (German Property Group) which has recently filed for bankruptcy leaving investors facing thousands of pounds of losses.


Other Trading Names

Better Retirement Group Ltd have traded under a multitude of names:

  • Advies Wealth
  • Arlington Financial
  • Better Annuity
  • Better Care
  • Better Drawdown
  • Better Equity Release
  • Better Financial Planning
  • Better Financial Solutions
  • Better Investment
  • Better Pension
  • Better Retirement
  • Better Retirement Income
  • Better Retirement Solutions
  • Better Wealth Management
  • Burrows & Cummins
  • CLAASS Financial Planning
  • Directly Financial
  • EquityCare
  • Fiducia Prosperity
  • I-Retirement
  • JTD Financial Services
  • Marwood Financial
  • Millenial Wealth
  • Money Advice Partnership
  • MPI Financial
  • Pension Tracing Service
  • Pension Vesting Service
  • Retirement Choices
  • Tuto
  • William Burrows Annuities

Fiducia Wealth Solutions

It’s also reported that Better Retirement Group Ltd provided “specialist DB transfer services” to Fiducia Wealth Solutions, who have since ceased trading. Fiducia were allegedly involved with the Steelworker pension fiasco and collapsed DFM SVS securities.


Better Retirement Group gives up FCA Permissions

Better Retirement Group has asked the FCA to impose requirements on its permissions, meaning it can no longer conduct regulated activity.

According to the FCA register, the firm applied to stop all regulated activities on May 30th 2022.

The firm was also subject to an Asset Retention order by the FCA in October 2020.

This prevented Better Retirement Group from disposing of any assets or selling their client base with the regulator’s consent.

Speaking to the FT Adviser the soon to be retired director Stuart Bayliss said

“I believe the quickest way for these people to get the compensation they deserve from the SVS debacle is for us to step out of the way’.”

The Financial Services Compensation Scheme (FSCS) has yet to declare default in respect of Better Retirement Group.

This would need to happen in order for the FSCS to step in and pay compensation to clients.


SVS Securities and Better Retirement Group

Better Retirement Group Ltd provided “specialist DB transfer services” to collapsed DFM SVS securities.

SVS Securities PLC entered special administration in 2019 after the Financial Conduct Authority identified “serious concerns” about the way in which the firm was operating.

The regulator warned some clients were paying fees and charges as high as 20% of their total investment.

In February, the FSCS said it had paid out a total of £31.6mn in compensation to former clients of SVS Securities.


How we can help you if you think you’ve been mis-sold

If you are one of the many thousands of people affected by poor pension advice – get in touch, as we may be able to help!

We can assess your pension advice to check if any wrongdoing has occurred and tell you if you may be able to claim compensation. It’s free and there’s no obligation to use our service

Key Facts

Have you received advice from SIPP Club (trading name of Better Retirement Group Ltd)? You may be able to claim compensation if the advice you received was unsuitable
The FSCS has declared Better Retirement Group in default and is now accepting claims
SIPP Club has been involved in some consumers transferring their Final Salary pensions into SIPPs and into unregulated high-risk investments, including Dolphin Capital (German Property Group)

We win more than 9 out of 10 claims

The cost of our service is 15% + VAT on the total monies awarded for a successful claim. Our cost is also priced capped at one of the lowest rates.

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Important Information!

You are not required to use our services to pursue your claim. You can also seek further advice or shop around subject to any time limits within which a claim must be made.

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.