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SVS Securities and mis-sold SIPP advice

We at Get Claims Advice are mis-sold pension experts. We specialise in final salary claims, mis-sold SIPPs (self-invested personal pensions), annuities claims and more.

Our experienced case handlers are always on-hand to help. We’ll listen to your pension story, offer clear and transparent advice, and discover if we can move your claim forward.

We can offer support and guidance for claims regarding SVS Securities and mis-sold SIPPs too. Read on to find out more.

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Who is SVS securities?

SVS Securities was a wealth management firm that offered a number of services to clients, including stockbroking, share dealing, fund management.

The firm went into administration in 2019 after the FCA (Financial Conduct Authority) blocked them from conducting new business; citing serious concerns about their questionable commission arrangements and the promotion of high-risk bonds to clients.

SVS were accused of lacking due diligence and advising clients to transfer their pensions into high-risk and unsuitable ventures, particularly given most people transferring their pensions weren’t considered the type of seasoned investor to plough money into high-risk schemes.

The FCA also found that SVS Securities had been charging high fees to customers through commissions and charges, with some seeing their investment pot reduced by more than a fifth through these fees.

Over £278m of assets and cash was obtained through SVS’s liquidation and broker ITI Capital were charged with distributing this to investors in July 2020.

Make A Mis-Sold Pension Claim

Fill in the form below and one of our team will be in touch for a free, friendly, no-obligation chat to assess your situation.

We’ll go through your options, your rights to making a claim and discuss how we can move forward. And don’t worry, this a free assessment and we don’t take any up-front costs.

Get Claims Advice are a claims management company. 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.

Do SVS securities still trade?

No, the FCA (Financial Conduct Authority) blocked them from conducting business in August 2019, after identifying concerns over their questionable business practices.

 

What is a mis-sold SIPP?

A mis-sold SIPP (self invested personal pension) can happen when a financial adviser or pension provider either advises or acts in a way that is negligent by the standards set by the UK regulator – the Financial Conduct Authority.

This could be because the money would have been better inside a Defined Benefit pension or because the investments inside were unsuitable for the pension saver.

For example, you may have been advised to transfer your pension into an investment that’s considered high-risk without knowing about what you’re investing in and the risks involved. You may have even been guaranteed an unlikely return on your investment.

If this is the case, you may have a claim to make. For more advice about mis-sold SIPPs, you can contact us here for a FREE consultation.

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Could you make a SVS Securities claim?

Already several financial advisors, as well as the Financial Services Compensation Scheme (FSCA), have paid out compensation to those who were mis-sold, so you may have a claim to make.

You could be owed compensation if you:

  • Transferred your pension to a SIPP
  • Aren’t a sophisticated investor
  • Were pressured into making an investment
  • Were guaranteed a return on your investment

If any of the above apply to you and your relationship with SVS Securities, it doesn’t mean you’re guaranteed compensation, but you may still be able to make a claim.

That’s where we can help you. Our experienced case handlers are always happy to hear a pension story and will explore what options are available to you.

For a FREE initial assessment of your claim, you can contact us here.

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How can you make a SVS Securities claim?

The good news is, there are a number of options available to you.

You can make a claim yourself for free by contacting the firm or using the Financial Ombudsman Service or Financial Services Compensation Scheme if it falls in their remit.

Or you can contact a team member at Get Claims Advice. The big advantage to this is that our experienced and knowledgeable team will give you bespoke advice and handle the claim on your behalf.

We’ll look at your case individually to discover if we think you can make a claim and then, if we can proceed your claim, work to get you the best result we can.

 

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