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1STOP FINANCIAL SERVICES & CLAIMS
Based in Dyfed, 1 Stop Financial Services has since ceased trading amid massive allegations of mis-selling and financial mis-conduct.
So much so that directors Andrew Rees and Timothy Hughes were both fined thousands of pounds and the company we de-authorised by the FCA in April 2014, banned from restarting the business.
1 Stop became infamous for mis-sold SIPPs following a spree between Oct 2010 and November 2012 where it gave advice to over 2000 individuals leading to SIPP investments and transfers totalling over £122m.
As a damning article in the Professional Advisor says, these individuals were regularly not checked for suitability, the investments were often not regulated and the company failed to declare a conflict of interest to clients, taking a fee from the introducer firm too.
Timeline of events: 1 Stop Financial Services
Did you know, we’ve made successful claims against 1Stop Financial Services before?
We’ve brought many cases against 1stop for their financial advice on behalf of our clients who were mis-sold their SIPP pensions.
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Think you’ve been mis-sold your investment? Click below to take the first step to making a claim
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What makes SIPP investment advice unsuitable?
It’s all about pairing up people with the right investments. High Risk investments like some of the ones 1STOP recommended are only supposed to be available for people fitting the descriptions below.
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