1 Stop Financial Services Claims Guide
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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.
1 Stop Financial Service is known to have given advice on Carbon Credits Investments, and Overseas Property.
If you dealt with 1 Stop over your pension transfer or SIPP investments, it may be time to get on the phone to Spencer Churchill Claims Advice to see if you can make a mis-sold pension claim.
How Did 1 Stop Financial Services Get Things Wrong?
All pension investments carry risk, but some are HIGH RISK investments.
These investments often offer higher returns to help grow a pension pot faster (something advisers and pension introducers are keen to stress), but they also come with more risk (something some advisers neglect to mention or play-down).
This might be fine for people who can afford to take on that sort of risk, either because they are earning plenty of money or understand those risks.
But for an average pension investor, they may be unsuitable and could devastate their retirement prospects.
1 Stop Financial Services widely mis-sold a number of these high-risk investments through SIPP pensions, were caught out for it, and are no-longer trading.
Can you make a claim for a mis-sold SIPP pension?
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Let’s Rewrite Your Financial Story
We are here to rewrite the book for you. And luckily we are pretty damn good at creating happy endings.
We are here to rewrite the book for you. And luckily we are pretty damn good at creating happy endings.
When you get let down by someone you thought you could trust, it can leave its mark on you, emotionally and physically.
We are committed to transparency and fairness in the way we conduct with clients, including how we charge for our claims services.
Can You Make A 1 Stop Financial Services Claim?
Several financial advisers and the FSCS have been paying out compensation for the mis-selling of investments via SIPPs and SSASs for a few years, with Spencer Churchill Claims Advice often leading the claim on a No Win – No Fee* basis.
If you:
- Transferred your pension to a SIPP
- Made high-risk investments
- Aren’t earning over £100k per year
- Aren’t a Sophisticated Investor
Then you may have been mis-sold, and you could be able to make a claim for negligent SIPP advice.
1 Stop Timeline
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SIPP Mis-Selling
2010
Between 2010 and November 2012, 1Stop Financial services took clients introduced by marketing companies and advised many to transfer their pensions into SIPPs, and investment in high-risk investments. Many of these transactions have now been found at fault.
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FCA Action
2014
On 17 April 2014, the FCA announced that 1Stop was no-longer authorised to conduct regulated financial activities, and 2 partners at the firm had been banned from having ANY significant influence over regulated companies. They were fined a total of £490,100.
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Legacy
2019
In 2019 the legacy one 1 Stop Financial Services’ pension advice lives on. Many investments they recommended have since collapsed or got into difficulty.
Related To 1 Stop Financial Services
SOPHISTICATED INVESTOR
Do you have a wealth of knowledge and experience in investing?
HIGH NET-WORTH 1
Do you earn in excess of £100,000 per annum?
HIGH NET-WORTH 2
Or do you own £250,000 worth of investable assets?
Do you know how people complained about mis-sold investments and pensions in the last year?
A lot. Over twenty thousand complaints were made about mis-sold pensions and investments in 2020/21, a figure which had doubled since the year before.. It’s no secret how serious this problem is, and it just seems to keep getting worse.
Have You Been A Victim Of Financial Mis-Selling?
Reaching out for help is never easy,
especially if you’ve been misled in the past.
But getting in touch with us won’t commit you to anything. We want to toss you a lifeboat and guide you through the choppy waters of the financial ocean, not leave you struggling to stay afloat. Our experts are here to offer advice and support on financial claims. We know what we’re doing and you can trust that if you’ve got questions, we’ve got answers.
Spencer Churchill Claims Advice featured on:
Spencer Churchill Claims Advice Will:
- Speak to you in plain English
- Provide you with a dedicated claims specialist
- Pay attention to the small details of your case
- Keep you up to date with the status of your claim
- Make sure you understand our charges
- Do absolutely everything we can to win your claim
How does our claims process work?
Our claims process is dead easy, so we can sum it up in the four simple steps below:
What Types Of Claims Do We Handle?
Speak to an expert today
We have decades of experience in helping people claim back money that is rightfully theirs. Whether you want to make a mis-sold pension claim, have questions about a mis-sold investment, or you’re just looking for some advice you can trust – we’ve got you covered. Reach out to our team today for a no-obligation, completely free chat.
Office Hours:
Monday: 8:00am–6:00pm
Tuesday: 8:00am–6.00pm
Wednesday: 8:00am–6:00pm
Thursday: 8.00am–6.00pm
Friday: Office Closed