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.
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