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Carey Pensions Court Appeal

10/15/2020

Court grants appeal against Carey Pensions in mis-sold SIPP Lawsuit   Russell Adams, who two years ago decided to take Carey Pensions (now better known as Options Pensions) to court over a mis-sold SIPPs (Self Invested Personal Pensions), claiming they had used a spanish-based unregulated introducer for investments in Store First Unit Pods which were … Continued

image outside the Court of Justice

Berkeley Burke Court of Appeal case dropped by administrators

10/07/2019

RSM, who have taken over as administrators of Berkeley Burke SIPP have taken the decision to stop their fight through the Court of Appeal over their SIPP due diligence case. For the last couple of years, Berkeley Burke have been in an ongoing legal battle after the Financial Ombudsman Service found them at fault for … Continued

3 quick stats that show why you should check your pension advice

05/15/2019

Complaints and claims about pension transfer and investment advice are on the rise again… With so many of us being told we’d be better off moving our pensions elsewhere, either after cold-calls or through financial advisers, it’s not too surprising to see there’s been an increase in complaints about pensions. What may be surprising is … Continued

A torch shining a blue light

Torch Wealth Management to pay up over SIPP advice

03/11/2019

Financial advice firm Economic Financial Solutions IFA, which also went by the name of Torch Wealth Management, is set to pay a client compensation over SIPP pension advice. The Financial Ombudsman Service decided that Mr M’s complaint should be upheld, after he said he had suffered “severe financial losses” as a result of Torch Wealth … Continued

a wanted sign for carbon credits fraudsters

£2.4m carbon credits investment fraudster on the run

02/13/2019

Now several years on from when Carbon Credits investments were being plugged by marketing firms and IFAs as the go-to green investment for savers, one fraudster is on the run from the London Police. Sami Raja from Essex was sentenced to eight years for his part in £2.4 million fraudulent Carbon Credits scheme in January … Continued

The FOS has seen a 27% rise in SIPP complaints

27%: Ombudsman sees rise in SIPP complaints for last quarter

02/05/2019

The Financial Ombudsman Service (FOS) has recorded another jump in complaints about SIPP pensions in the quarter leading to December 2018, new figures show. The 27% per cent increase saw complaints rise from 777 in the previous quarter, up to 1,029 complaints leading to December. SIPP mis-selling in the press While the SIPP mis-selling scandal … Continued

25 percent

SIPP pension claims expected to rise 25% in 2019

01/31/2019

The FSCS has said that it expects claims relating to SIPP pensions to rise by another 25% in 2019, with more firms being declared in default by the Financial Services Compensation Scheme. Often called ‘the lifeboat scheme’, the FSCS pays compensation to consumers that have lost money due to bad practices when the wrongful party … Continued

a man wearing a tie with smoke coming out of his ears

British Steel Pensions: No special treatment from FSCS

01/24/2019

There will be no ‘special treatment’ for offers of compensation to those mis-sold their British Steel pension transfer from the FSCS, it has been revealed. British Steel Pension Scheme members were given choices over what happens to their pension following the closure of the scheme, and many people received negligent advice to transfer their pension. … Continued

An abandoned caribbean hotel development

Adviser invested 90% of client’s pension into high-risk Harlequin

01/22/2019

Even in 2019, we’re STILL seeing claims made for negligent advice and actions leading to investments in high-risk hotel scheme Harlequin Properties. The financial adviser in question, Professional Intermediary Introducers based in Wales provided advice through their appointed representative to Mrs P in 2011. The advice resulted in Mrs P transferring her £110,000 personal pension … Continued