The Liberty self-invested personal pension (SIPP) has now become default.

The company has since sold its entire client book to a company called Embark Group and is now beginning the process of winding down.

Transferring Pensions

Liberty SIPP first experienced problems when it was caught allowing clients to invest in unregulated and high risk investments like Gravity Child Care Ltd, Invest US, Sustainable Agro Energy, Gas Verdant, Global Plantation, and Ethical Forestry.

Clients were introduced through unregulated, third party introducers such as PFR Services, SJ Stone, Anton Barr, and Avacade. These companies were not authorised to give investment advice or information on transferring their pension.

Introducers That Weren’t Regulated

It is evident that Liberty SIPP didn’t correctly manage their clients as they accepted business from introducers that weren’t regulated, this left clients open to the possibility of significant losses.

If you have dealt company and made investments based on their advice you should immediately review each and every one of your transactions . If you find anything of concern regarding the performance or the advice you were given please get in contact with us.

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 Liberty SIPP

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