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Former clients of financial advisers J Richfield – trading as Sovereign Financial Services may be interested to know that as of the 30th of May 2017, the firm is in liquidation, with Vincent John Green and Mark Newman as Joint Liquidators of the IFA.
Further to that, the Financial Conduct Authority – the FCA – has told Sovereign/J Richfield “not to undertake UCIS Activities”, before later cancelling their authorisation all together.
It’s now known to the team at Get Claims Advice that Sovereign Financial Services mis-sold pensions to many of their clients, often involving unregulated land-banking schemes invested through SIPP pensions.
Now, some people are waking up to the poor advice that was sometimes given by J Richfield and making mis-sold SIPP claims to recover some or all of the money they had earmarked for retirement.
If you’re one of them, speak to the team at Get Claims Advice to see if you can make a claim for pension mis-selling on a No Win – No Fee* basis.Get started now
UCIS investments can be a problem if you’re not suitable for them. Unregulated Collective Investment Schemes are NOT under the jurisdiction of the FCA, meaning that investors don’t get any help from the Ombudsman or FSCS when they go wrong.
Both Carbon Credits Schemes and Land Banks like the Cadnam Plot are classic examples of high-risk investments that could (and often do) destroy people’s pensions, and both of these investments are known to have been on the books for some J Richfield clients.
If you invested, you may still be able to begin the mis-sold pension claims process.
If you changed your pension with Sovereign, you may be able to claim
Get Claims Advice have already made some big claims against the negligent pension advice given by Sovereign Financial Services, and with the firm now in liquidation, the FSCS may be able to pay out compensation for successful claims against Sovereign.
Then you may have been mis-sold, and you could be able to make a claim for negligent SIPP advice.Speak with an expert
J. Richfield was officially registered by the 23 July 2010 in Aylesford, Kent.
J Richfield goes into insolvency proceedings, resulting in a Creditor’s Voluntary Liquidation
Find out now with a free call back from one of our specialists
Click the button below to see an example of a Get Claims Advice claim that won £thousands for a client who’d invested in Land BankingSee example claim
J Richfield Ltd was the actual name of the financial advice firm that traded as Sovereign Financial Services. It is quite common for a company to have a trading name or trading style, but officially, the firm as J Richfield Ltd.
We may never know why Sovereign gave unsuitable advice to their clients to invest in High-Risk investment schemes like Land Banks and Carbon Credits.
We do know that other advisers that have done the same may have benefited from high-end commissions: kick backs from the investment companies to funnel business their way, but as for Sovereign, we simply don’t know.
Either way, the advice was unsuitable, and if you did the same, you may be able to make a claim.
Speak with an adviser to see if you can make a claim on a No Win – No Fee* basis