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Home / Mis-Sold Pensions / SIPP Claims / Mis-Sold Pension Investments / Premier Childrens Services | Administration

Premier Childrens’ Services Investment Claims Guide

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You can do the claim yourself directly to the adviser or pension company for no charge. You can also approach the Financial Ombudsman Service and Financial Services Compensation Scheme for free if you wish for them to review your case, providing you have approached the adviser or pension provider first, and it falls within their remit.

Premier Childrens’ Services

Premier Childrens Services investment sounded like a great plan, especially with the way in which it was sold to some SIPP investors, usually through a cold-call offering a free pension review.

But in reality, Premier Childrens Services was a high-risk investment, that while offering high returns or between 8% and 10% interest depending on how much was invested, posed a risk to people if they were not truly suitable for such a high-risk investment. On the 14th November 2016, Premier Childrens Services entered into administration, prompting calls from concerned investors to Get Claims Advice Ltd for help in getting their pension money back.

We’re happy to say we were successful with many of the cases we took on, all on a NO WIN – NO FEE* basis, always against the negligent financial advice of a regulated adviser, who should have known better than to recommend a pension transfer to a SIPP, and an investment in PCS without proper due diligence checks.

If YOU invested in Premier Childrens Services, you’re entitled to a FREE Initial Assessment with our experienced Claims Handlers to see if you can make a claim too.

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Speak with a specialist claims handler today

If you invested in Premier Childrens’ Services, you may be able to claim

You can do the claim yourself directly to the adviser or pension company for no charge. You can also approach the Financial Ombudsman Service and Financial Services Compensation Scheme for free if you wish for them to review your case, providing you have approached the adviser or pension provider first, and it falls within their remit.

Can you claim for Premier Children’s Services mis-selling compensation?

If you:

  • Transferred your pension to a SIPP
  • Invested in PCS or other 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.

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PCS timeline of events

2012 - Formation and Investments

Formed on the 17th May 2012, Premier Childrens’ Services was set up as a holding company to fund several child care facilities…Premier Children Services described itself as an exciting new social care service with desires to become an innovate market leader in the world of children’s social care, and sought investments through what is known as a “Loan Note” for either 3 or 5 years, in return for some healthy looking returns:

Example 1.     £0-99,000 Investment: 3 years = 8% Interest     5 years = 9% Interest
Example 2.     £100,000 + Investment: 3 years = 9% Interest     5 years = 10% Interest

2016 - Administration & Fallout

Considering it is now clear some investors were not suitable for such a high-risk investment, PCS going into administration sounded like bad news…

While around 220 SIPP investors had their money wrapped up in Premier Childrens Services, it went into administration.

At the time, at least one SIPP provider wrote a letter to Premier Children Services clients, which stated:

Please be aware that, given the circumstances, no further payments are now expected from PCS. 

Therefore, if you were anticipating any sort of capital or interest payment into your SIPP 
which has not been received by 15 November 2016, it is unlikely that this will be paid.”

Minutes from a board meeting detailed the “”financial difficulties of the company” and that “the company is or is likely to become unable to pay its debts”.

2018 - Move to dissolution

In November 2018 Premier Chidrens Services moved from being in administration towards a dissolution.

Could you be owed compensation for a mis-sold PCS investment?

Find out now with a free call back from one of our specialists

You can do the claim yourself directly to the adviser or pension company for no charge. You can also approach the Financial Ombudsman Service and Financial Services Compensation Scheme for free if you wish for them to review your case, providing you have approached the adviser or pension provider first, and it falls within their remit.

We’ve made successful claims over mis-sold PCS investments before

Click the button below to see an example of a Get Claims Advice claim over a mis-sold Premier Childrens’ Services investment

See example claim

Ready to make a claim with Get Claims Advice?

 

Receive a free call-back from a specialist to get started

You can do the claim yourself directly to the adviser or pension company for no charge. You can also approach the Financial Ombudsman Service and Financial Services Compensation Scheme for free if you wish for them to review your case, providing you have approached the adviser or pension provider first, and it falls within their remit.

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a Sophisticated investor
SOPHISTICATED INVESTOR Do you have a wealth of knowledge and experience in investing?
Compensation
HIGH NET-WORTH 1 Do you earn in excess of £100,000 per annum?
High net worth individual
HIGH NET-WORTH 2 Or do you own £250,000 worth of investable assets?

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Ready to make a claim?

Speak with an adviser to see if you can make a claim on a No Win – No Fee* basis

You can do the claim yourself directly to the adviser or pension company for no charge. You can also approach the Financial Ombudsman Service and Financial Services Compensation Scheme for free if you wish for them to review your case, providing you have approached the adviser or pension provider first, and it falls within their remit.

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