Bloomberg News

Freedom SIPP Is Wound Up by London Court Over Tax Payments

October 14, 2009

A U.K. personal pension-operator was wound up by a London court because it didn’t pay taxes, the financial regulator said today.

The Freedom SIPP Ltd, which operated a pension plan of the same name, was put under court-ordered liquidation sought by the U.K. Treasury’s tax department, known as HMRC, the Financial Services Authority said in a statement today.

“The FSA will continue to liaise with HMRC and the liquidator,” said the FSA in a statement. “Members will still be able to request a transfer of their investments to another SIPP scheme.”

A voicemail left with Bury, England-based Freedom SIPP wasn’t immediately returned.

-- Editors: Jeff St.Onge, Anthony Aarons

To contact the reporters on this story: Caroline Binham in London at cbinham@bloomberg.net

To contact the editor responsible for this story: Anthony Aarons at aaarons@bloomberg.net.


We Almost Lost the Nasdaq
LIMITED-TIME OFFER SUBSCRIBE NOW

(enter your email)
(enter up to 5 email addresses, separated by commas)

Max 250 characters

 
blog comments powered by Disqus