Gaudi Regulated Services: SIPP provider declared in default and open to consumer claims

After a lengthy investigation by the Financial Services Compensation Scheme (FSCS), pension provider Gaudi has finally been declared in default, opening up the possibility of compensation claims for customers – especially those with the company’s Easy SIPP product.

Where it went wrong for Gaudi

Gaudi Regulated Services Ltd specialised in Self-Invested Personal Pensions (SIPPs), operating ‘white-label’ schemes that other firms or business partners could rebrand and modify. However, the pension provider dealt with several failed firms previously investigated by the Financial Conduct Authority (FCA), and also referred high risk investments, allowing clients to move their pensions into their SIPP and make unsuitable investments.

The Gaudi timeline

As a result of complaints about these investments, Gaudi sold its pension business to Platform One in April 2023, at the same time appointing administrators. At that point it was also placed under investigation by the FSCS.

In January 2026, the FSCS completed its investigations relating specifically to claimants holding the GRSL Easy SIPP, reporting that it was satisfied these claimants had valid claims against the firm which would be assessed on a case-by-case basis. Then in March, the FSCS declared Gaudi in default, which means it can assess claims around other products too.

What compensation might be available?

While the FSCS is continuing to assess claims involving the Easy SIPP, their investigations into other SIPPs administered by Gaudi linked to a business partner are still ongoing. In such cases, claims may need to be made against the financial adviser who recommended switching to a Gaudi-administered pension.

The maximum FSCS compensation available for successful claims is up to £85,000.

Keeping you up to date

As the situation with Gaudi and the FSCS investigations is still ongoing, we’re continuously tracking developments – so you can rest assured we’ll bring you updates as soon as further details become available.

What happens next and how CP Financial Claims can help

We’re specialists in recovering money from failed or mis-sold investments, and have made many successful claims on behalf of clients who’ve lost out as a result. As this case involves specific pension products and those sold by IFAs and other third parties, putting together a claim may be a particularly complex process.

We can handle the entire process of putting together your claim, including paperwork and communicating with the FSCS, the Ombudsman or the administrators directly. There’s nothing to pay upfront, and you only pay a fee if we’re successful, so it could be well worth your while talking to us now.

While you’re not obliged to use a claims management company, and can claim for free through the FSCS or Financial Ombudsman Service, our specialist advice and support means making a claim against Gaudi is a smooth and straightforward process.

Your next steps

If you’ve lost money as a result of switching to a Gaudi-administered pension scheme, you can submit your details on this page for a free, no obligation chat with our team of experts. They’ll give you clear, straightforward advice on the options available to you.