Carey Pensions has been battling legal claims from investors for a number of years.
Investors argued that the SIPP provider had a duty of care to them, when accepting introductions from unregulated introducers and allowing those to arrange high risk and unregulated investments.
There are hundreds of other cases with the Financial Ombudsman Services on hold waiting for an outcome of the trial.
Carey explained it was not responsible for the client’s failed investments as they invested on an execution-only basis and signed a contract saying this was the investor’s choice.
The Financial Conduct Authority (FCA), which presented its views in court, maintained that “the onus was on the authorised firm (the SIPP Provider) which accepted business from an introducer to meet its regulatory requirements.”
The FCA had written to SIPP providers with regards to the involvement of unregulated introducers, issuing a warning that it was “very concerned” at the increase in cases where an introducer had an “inappropriate influence” on how authorised firms carry out business.
The regulator was particularly concerned that the authorised firm was delegating regulated activities, for example by outsourcing their advice process to unauthorised entities or to other authorised firms that did not have the relevant permissions to carry out the work.
You should contact us if you had dealings with the firms involved or have found yourself in a similar situation –you may be entitled to compensation should we find that the company failed to adhere to rules and regulations
Please be aware of time limitation rules – don’t run out of time!
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 any 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!
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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.