Think you might have been mis-sold?

Search below for investments, advisors, articles, and more… and then hit enter

01204 205 061
Home / Mis-Sold Pensions / SIPP Claims / Financial Advisers and Mis-Selling / Douglas Baillie Limited & The Pension Specialists

Douglas Baillie Limited & The Pension Specialists

Want to chat about a mis-sold pension claim?

Fill out your contact info below and we’ll be in touch at the best time for you
NO OBLIGATION & COMPLETELY FREE!

DOUGLAS BAILLIE, THE PENSION SPECIALISTS & MIS-SOLD SIPPS

If you’ve taken financial advice from Douglas Baillie or their sister company The Pension Specialists, the bottom line is that they are No-longer authorised by the FCA, and it may be a good time to get your advice checked by a professional to make sure you haven’t been mis-sold, or if you have, to find out whether you can make a claim or not.

The FCA is pretty clear on the matter: “This is a firm that can no longer provide regulated products and services, but was previously authorised by the PRA and/or FCA”.

BUT WHY?

Well, we do know that Douglas Baillie suspended the operation of their pension switching business – The Pension Specialists operating from www.thepensionspecialists.co.uk – back in October 2013 following concerns raised by the Financial Conduct Authority.

In short, the FCA was concerned that the firm was not delving deep enough into the financial circumstances of it’s clients before making recommendations – a HUGE part of pension advice in order to ensure that the client is placed in suitable pension schemes and invests that are affordable and carry an appropriate level of risk for the client.

By May 2016, Douglas Baillie Limited had called for a meeting of the creditors, and just a couple of weeks later appointed liquidators to commence the winding up of the business and bring everything to a full stop.

Timeline of events: Douglas Baillie

1998 - Company Founded

Despite having a history dating back to 1998, it didnt stop Douglas Ballie mis-selling later.

2016 - Ombudsman complaints

In total, 6 complaints were upheld against Douglas Baillie in 2016, all of which were about SIPP pensions advice, and high-risk, unregulated investments.

2016 - Liquidation

May 2016 saw insolvency proceedings beginning, resulting in Douglas Baillie entering into Liquidation.

2017 - In Default

The FSCS announces that Douglas Baillie is in default, and it will consider claims against the advice and actions of the firm.

We’re SIPP pension claim veterans

We’ve been making claims for our clients about mis-sold pensions for years, and have recovered £millions.

Ready to make a claim?

Think you’ve been mis-sold your investment? Click below to take the first step to making a claim

Have a question about mis-sold pensions?

Ask us any question about your investment and we’ll be in touch at the best time for you – COMPLETELY FREE!

Who can claim?

We won’t know if you can claim until you complete an assessment, but if you were persuaded by Douglas Baillie to invest in a SIPP with high-risk investments, but DON’T fit any of the descriptions below, then you may have a claim.

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?

Be the first to hear any updates

Give our Facebook page a like using the button below to stay up to date with all our news regarding investments and advisors!

Can you make a claim?

We’ve recovered £million for our clients. Fill out your contact info below and we’ll be in touch at the best time for you

NO OBLIGATION & COMPLETELY FREE!

Share This Page