It was back in 2014 when Curtis Banks purchased the self-invested personal pension (SIPP) business from Pointon York.

Although Pointon York had many vanilla assets within its portfolio, some of its clients were given the advice to move their existing pension into one of their SIPPs. Clients pension funds were then put into none standard and risky investments like carbon credits, bamboo, and foreign property.

Mis-Selling Pensions

Although Henderson Carter Associates Ltd, Financial Page, and Bank House Investment Management Ltd all set up SIPPs through Pointon York’s portal, they all failed to provide their clients with pension advice that was suitable. These companies were guilty of accepting clients who had been cold called with the offer of free pension reviews. As a result, their pension were then transferred over to execution only transactions.

There has been a big increase in those types of transactions occurring recently. But don’t worry as people have been compensated for this as the independent financial advisors failed to act in a way that was in the best interest of their clients. If you are someone who had a SIPP with Pointon York and have been unsuccessful in recover your losses, then you should act now.

Know Your Options

For anyone who doesn’t know how to proceed with a compensation claim and has been told to wait and sit tight, it may be the case that you end up running out of time. However, by calling us you can quickly get clarification on whether or not you’re entitled to compensation.

It may also be the case that you’re entitled to compensation even if you’ve had some off of the Financial Services Compensation Scheme against the independent financial advisor, and the losses you experienced were in excess of £50,000.

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 Pointon York Curtis Banks

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