Heritage Pensions Ltd advised clients of the proposed sale to PSG SIPP Ltd. Heritage clients have now been formally written to urging them to approve the proposed sale to PSG SIPP Ltd.

Within this notice clients have been assured all SIPP term and conditions will remain the same after the acquisition including fees and charges. Furthermore, clients will have the ability to transfer their benefits from their existing SIPP to another provider should they wish. This replacement of operation to PSG Ltd will not involve any costs to the clients or their SIPP funds.

Heritage Ltd Background

The Brooklands Trustees Limited was a financial management firm who developed a subsidiary known as Brooklands SIPP specialising in pension investments. Brooklands Trustees Limited entered into administration in August 2016 allowing Heritage Ltd to acquire clients whilst the Financial Ombudsman was investigating adjudications against them.

Brooklands Trustees management later came to the decision to sell the responsibility of managing and running the Brooklands SIPP in the UK to Heritage Limited. Due to this change of management, all claims regarding a lack of regulation and due diligence were redirected to the Financial Services Compensation Scheme (FSCS). Heritage included several unregulated and high-risk investments into their portfolio of approved investments, unfortunately other SIPP providers such as Harlequin Property had also followed suit.

The majority of investors in Harlequin Property lost their entire investment, therefore if you have dealt with Heritage Pensions or Brooklands Trustees it is very possible you may have lost money and could be entitled to financial redress or compensation.

Next Steps

Call us now for a phone or video consultation with one of our legal experts on 0800 041 8358 to find out if you are entitled to compensation, you may even be entitled to additional compensation if you have successfully claimed in the past.

Frequently Asked Questions

Pension mis-selling occurs when a financial adviser provides unsuitable advice to transfer or invest your pension into schemes that are inappropriate for your financial situation or risk appetite. This could include high-risk investments or inappropriate pension transfers, such as moving a defined benefit pension into a riskier scheme.

You may have been mis-sold a pension if:
– You were advised to move your pension into high-risk investments without understanding the risks.
– You were not informed of exit fees or charges when transferring your pension.
– You were advised to transfer out of a defined benefit pension, which led to financial losses.
If these situations sound familiar, you could be entitled to make a claim for compensation.

Compensation depends on the extent of your losses. Typically, it includes financial losses due to bad advice or mismanagement, including lost returns, exit fees, and fees paid for services that were not delivered. We assess your case and help you understand the potential amount of compensation.

There are time-barring restrictions for pension mis-selling claims, usually six years from when the advice was given, or three years from when you realised the pension was mis-sold. It’s important to act quickly to ensure your claim is within the legal timeframe.

The process involves:
– A free consultation to assess your case.
– Gathering of all necessary evidence, such as contracts and statements.
– Submission of your claim to the Financial Services Compensation Scheme (FSCS) or other relevant bodies.
We handle the entire process for you and keep you informed throughout.

Our services are provided on a no-win-no-fee basis, meaning you will only pay if we successfully recover compensation on your behalf. There are no upfront costs or hidden fees.

Yes. If Barton Hatcher Ingram Financial Management Limited is no longer trading, you can still make a claim through the Financial Services Compensation Scheme (FSCS), which handles claims for firms that have gone into liquidation.

The time it takes to process a pension mis-selling claim can vary based on the complexity of the case and the involvement of other parties. On average, claims can take several months to a year to resolve, but we will work diligently to handle your case as efficiently as possible.

News & Updates about Heritage Pensions Limited

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