FSCS pays £66mn on GPC claims as administration extended again

The Financial Services Compensation Scheme has received 1,685 claims against defunct self-invested personal pension provider GPC Sipp to date, paying out nearly £66.2mn in compensation. GPC‘s healthy Sipp and Ssas books were bought by Hartley Pensions in August 2019 for £482,000, and the administrators of GPC Sipp are considering what effect, if any, the administration of Hartley will have on finalising the GCP Sipp administration. More from FT Adviser.