We are in regular contact with Gaudi about this matter as well as the providers that are holding up transfers. As I said above, when we were notified about discussions with the regulator, we determined that there was nothing at issue that prevented Gaudi from fulfilling their duty as our SIPP administrator.
If there were we would take immediate action to move customer assets to another administrator.
We are in contact with the providers that have raised concerns (as are Gaudi) to clarify this matter promptly.
Your assets are held in line with the FCA’s client asset rules. This means that you have protections in the event that an administration were to lead to a shortfall (FSCS protection, up to £85,000). Client asset rules also require that assets are held by a non-trading custodian or nominee (in our case, Freetrade Nominees).
There’s more detail here: Keeping your money safe