Liberty Sipp wind-up to drag on another year
By
Michael Klimes
8
th April 2021
3:34 pm
The administrators of collapsed pension provider Liberty Sipp have warned investors that its wind-up is set to drag on for another year.
An update on Companies House shows an extension of the administration was filed on 29 March, with proceedings finally set to conclude in April 2022.
Andrew Poxon and Alex Cadwallader of Leonard Curtis Business Rescue and Recovery were appointed joint administrators in April last year, when Liberty Sipp went into administration due to the volume of potential claims against it relating to high-risk, non-standard investments.
In June 2020, creditors agreed the basis of the administrators’ fees, which will be capped at £649,266.50.