Montpelier Pension Administration Services (MPAS) was a SIPP provider with investments typically made before 2011. MPAS allowed a large amount of higher risk, non-standard investments, particularly fractional ownerships of overseas hotel properties which have turned out to be worthless. As such, the investments made within the pension have very little or no value and have resulted in large losses for clients.

MPAS was confirmed to have a severe lack of compliance, with incorrect vetting of IFAs or introducers into their scheme, and was targeted by the FCA for their failure to comply with the rules set by the regulator.

MPAS pensions have now been taken over by Curtis Banks for administration, although Curtis Banks holds no liability for previous errors.

If you were transferred into a pension with Montpelier, you may be liable for compensation, whether you received regulated advice for this transfer or not.

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