It has come to our attention that Facts & Figures Financial Planners (‘Facts & Figures’) have commenced liquidation proceedings.
We currently represent a number of clients in claims relating to the advice they received from Facts & Figures to transfer their pensions into a self-invested personal pension (SIPP).
It is anticipated that claims against Facts & Figures will now need to proceed to the Financial Services Compensation Scheme (‘FSCS’).
The FSCS is the industry’s lifeboat fund and has recently had its compensation limits amended meaning that individuals may be able to recover up to £85,000 for the losses they have suffered as a result of negligent advice provided by Facts & Figures.
You may have been mis-advised by Facts & Figures if you received the following advice:
- Advice to transfer a pension from a traditional personal or occupational scheme;
- Advice to put the pension into a SIPP or QROPS;
- Advice to invest the funds into high risk investments such as overseas property, store pods, loan notes, or ethical forestry and oil investments. These investments are likely to have fallen in value significantly or their value is now indeterminate.