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Jackson Francis Ltd and Store First

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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.

JACKSON FRANCIS & STORAGE POD SIPPS

Jackson Francis Ltd was an unregulated marketing company, now in liquidation, that was responsible for introducing a large number of people to Storefirst – itself an FCA-unregulated and high-risk investment which many people went onto invest with via a SIPP.

The problem was, is that many people who invested in store pods have since been found to be unsuitable for such a high-risk investment, with many struggling to recover from shortfalls on the projected returns.

Jackson Francis Ltd is no-longer operating, having gone into insolvency proceedings back in September 2014, but not without leaving quite a stink in the media…

According to the Professional Adviser & The BBC in December 2015, Liverpool-based Jackson Francis Ltd  was paid indirectly by Store First to cold-call people about their pensions, leading to over 1000 people investing in Store Pods, many through Self-Invested Personal Pensions (SIPPs).

Salesmen who had previously worked for Jackson Francis told the BBC that management instructed them to lie to pension holders in order to get the business, and admitted to forging documents, seeing other members of staff conducting similar practices.

Over a 2 year period, the intermediary firm that was paid by Store First director Toby Whittaker to the tune of £33Million, which funded Jackson Francis. Jackson Francis also persuaded people to invest in Capita Oak and the Henley Retirement Benefit schemes, now all connected to an investigation being conducted by the Serious Fraud Office, and related to store-pod investments.

In November 2016, the firm even made even more mainstream news, with The Mirror running the headline “Ban for the director whose companies made £4million mis-selling investments“. The article described how Sycamore Crown (which shared a director with Jackson Francis), had a claim of offering “unbiased advice” to the pension savers, but despite this…

“The only product promoted appears to be an unregulated investment in storage units”

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Timeline of events: Jackson Francis

2010 - Store First Limited

The groundwork for the Store First Limited storage pod investment began in 2010 as a registered company, part of Group First.

2011 - Jackson Francis

A year later, Jackson Francis Limited was created, based out of Sutton Coldfield in the West Midlands

2013 - Cold Calls

Until sometime in 2013, Jackson Francis persuaded hundreds of people to invest their pensions into Store First. Store First themselves reportedly paid £33m in commission to Transeuro Worldwide Holdings Ltd, which funded Jackson Francis.

2014 - Liquidation

Jackson Francis goes into a Creditor’s Voluntary Liquidation.

Did you know, we’ve made successful claims involving Store First before?

We’re experienced when it comes to SIPP claims involving First Review and IFAs that advised on The Resort Group.

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Have a question about Store First or Jackson Francis?

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

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.

How SIPP investments mis-sold?

There are strict rules about high-risk investments, enforced by the FCA.
If you invested in Store First but don’t fit any of the descriptions listed below, you may have been mis-sold, and could potentially claim.

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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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!

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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