The Court of appeal has dismissed Carey’s request for a judicial review.

Whilst the right to appeal the Court of Appeal’s decision of 1 April 2021 to the Supreme Court was rejected, STM (parent of Options) received agreement for a judicial review on a Financial Ombudsman Service’s decision on the basis that it impacted on a large number of claims.

Carey Pensions investment losses

Options UK Personal Pensions, formerly known as Carey Pensions, was seeking to challenge an Ombudsman decision which awarded the consumer compensation on the basis that Carey failed to carry out adequate due diligence on an unregulated introducer and the subsequent unregulated investment.

While the FOS ruled that Carey was required to carry out due diligence on introducers and investments, Carey argued this was not the case

Now the Court of Appeal has discussed the final request of a judicial review against the Financial Ombudsman Services (FOS) decision and decided to reject it, explaining that there was nothing irrational about the Ombudsman’s reliance on the matter he had set out.

The Financial Ombudsman Services website indicates that it has upheld a large number of cases since the appeal was granted.

Should you have invested your pension money and suffered losses you should explore what actions you can take.

Please be aware that there are time limitation which may apply.

Impartial Claims Advice

We may be able to assist you with the recovery of any losses you’ve suffered if you had a SIPP with either of the firms we have mentioned, even if you have tried to claim yourself and your IFA or SIPP due diligence complaint has been rejected.

Let us review the transactions made – and if we can’t help, you won’t pay a fee.

You may find that we can help where others couldn’t – and not only have we got the customer feedback to prove it, we also charge a fraction of what solicitors charge for the work they carry out.

You should also get in touch with us if you have any concerns about the advice you received or the way your investments are performing.

Most clients don’t understand that they may have suffered losses, as their annual statements show that the pension fund is still valued at purchase price.

We have been fighting your corner for years – and may just know a trick or two to help you finally obtain compensation!

Call Us Now For A No-Obligation Chat

We offer a free assessment of your situation to find out if you may be owed money redress. We will inform you of other options available to you. Don’t delay because there are time limits to claim your compensation. The best time to act is now!

Contact us for an informal discussion to explore your options. You’ll also get a better understanding of how we work before deciding on your best course of action.

Financial Claims Made Simple

ACL Consultancy Ltd have been in operation as a claims management company (CMC) for over 10 years and have offered the lowest flat fee service in the industry since 2017.

We are able to work for a reasonable fee because we don’t buy your data from the companies involved in your claim. We pass these cost savings on to you. Our success is your gain.

Our team possess a deep knowledge of pension and investment compensation, including overseas property investment, and welcome your call to find what solutions are available to you. So, you’ve nothing to lose and everything to gain by calling us today.