The Financial Services Compensation Scheme received 110 claims against Consumer Wealth – a collapsed adviser linked to Greyfriars P6 investment.

Greyfriars’ SIPP book sold for £820k, newly-published documents have revealed.

The SIPP sector is facing up to a growing threat from ‘ambulance chasers’ – litigation claims firms trying to encourage clients to make complaints.

Discretionary fund manager (DFM) and Sipp provider Greyfriars Asset Management has gone into administration.