Intelligent Money SIPP compensation claims

If you’ve invested in an Intelligent Money SIPP and suffered financial losses, you might be eligible for pension mis-selling compensation. Recent news highlights potential issues with unsuitable advice, high-risk investments, and management practices linked to Intelligent Money SIPPs.

Common Issues

  • Mis-selling: Investors often report receiving unsuitable advice, pressured into high-risk investments that don’t match their risk tolerance. This is a common trigger for pension mis-selling claims.
  • Management Failures: Poor management of investments, including exposure to unregulated or overseas assets with a higher risk profile, has caused significant losses for some clients.
  • Hidden Fees: Unfair fees and charges that weren’t disclosed upfront can significantly erode your pension pot. Look out for terms like “unexplained fees” or “hidden charges” on your statements.

Recent Developments

  • FCA Asset Restriction: In February 2024, the Financial Conduct Authority (FCA) imposed an asset restriction on Intelligent Money. This prevents them from disposing of client assets without consent, potentially ensuring funds are available for redress.
  • Financial Ombudsman Service (FOS) Cases: The FOS is currently handling over 80 complaints against Intelligent Money, highlighting potential failures in due diligence and compliance with regulations. One notable case resulted in a compensation award of up to £160,000 for the client’s investment losses.

Next Steps

  1. Free Consultation: Contact our legal experts for a free consultation to discuss your situation and potential eligibility for compensation.
  2. Case Assessment: We’ll review your SIPP details and investment history to determine if you have grounds for a claim.
  3. Claim Process: If eligible, we’ll guide you through the claims process on a no-win, no-fee basis, minimizing your financial risk.

Get Started Today

Don’t suffer in silence. Call us on 0161 840 1560 or request a callback through our website to begin your claim. By taking action, you might be able to recover your losses.

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