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.

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 Intelligent Money

Intelligent Money, a SIPP Provider, Agrees to FCA Asset Restriction

Sipp provider Intelligent Money, headquartered in Nottingham, has agreed to a restriction imposed by the Financial Conduct Authority (FCA) that limits its ability to manage its own assets. This measure, implemented in February 2024, prevents the... Read more

SIPP Provider Intelligent Money Enters Administration, Client Book Secured in Rescue Deal

Intelligent Money, a SIPP provider with around £1bn in client assets, has entered administration. However, a pre-pack administration rescue deal has facilitated the transfer of its client accounts and assets to pension administrator Quai. The... Read more

Intelligent Money SIPP Under Scrutiny: FCA Restricts Asset Movement

Pension provider Intelligent Money has come under the FCA's microscope, agreeing to a restriction on their ability to freely manage client assets. This move, implemented in February, throws a spotlight on potential issues at the Nottingham-based... Read more

Some of the other Pension companies receiving claims, complaints and compensation are listed below: