Self-Invested Personal Pensions (SIPPs) are an FCA Regulated Personal Pension that were released in the early 1990s and are designed to give investors and their Financial Advisers more control over how and where the pension money is invested.
The principles of a SIPP remain sound to this day allowing people to choose to invest into Commercial Property, Direct Investment into Stocks and Shares and even specialised assets like Unquoted Shares or Gold Bullion.
Sadly, SIPPs were targeted and abused by investment companies looking to raise capital from uneducated investors who did not fully understand the risks involved.
Whilst SIPP providers do not give Financial Advice, some SIPP companies (Trustees) accepted investment products onto their platforms without having carried out sufficient due diligence on the investments which resulted in clients losing money.
It is likely that some SIPP providers were convinced to approve products onto their platforms based on the promise of more fee-paying clients being introduced to their services.
As well as the direct losses from failed investments many small SIPP providers fees are not competitive on the open market therefore if you have been introduced to a SIPP it is almost always worth reviewing what advice you received and from whom to establish whether you may have lost money.
Below is a list of some SIPP providers claims have been made against but this list is not exhaustive so if you have been involved in a transfer into a SIPP why not book a free review with one of our Pension Specialists today or call us today on 0161 840 1560
COMPANIES WHERE SIPPS CLAIMS HAVE ALREADY TAKEN PLACE
- Avalon SIPP – Embark
- Corporate & Professional Pensions
- Greyfriars- Hartley Pensions / Gaudi
- Heritage Pensions Limited – PSG SIPP Ltd
- Montpelier SIPP – Curtis Banks
- Stadia Trustees – Mattioloi Woods
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- Berkeley Burke SIPP Administration Limited
- DAC Pensions
- Guardian (GPC) SIPP- Hartley Pensions
- Liberty SIPP – Embark
- Pointon York – Curtis Banks
- Unfair SIPP Fees & Charges
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- Brooklands SIPP – Heritage
- Forthplus Pensions Limited – iPensions Group
- Guinness Mahon – Hartley Pensions
- The Lifetime SIPP – Hartley Pensions
- Rawanmoor – Embark Group
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HOW DO YOU KNOW
THAT THE ADVICE TO TRANSFER WAS BAD ?
WHAT ACTION SHOULD YOU TAKE ?
Call one of the team now on the HT Legal helpline on 0161 840 1560.
When you call there is no obligation at all. You will be talking to a case manager and not someone in a call centre. We are friendly and use plain English.
We will listen to your circumstances and let you know if we feel that you are entitled to make a claim.
