Hugh James specialises in acting for clients who have been mis-sold pensions.
Many of the clients we act for had been encouraged to move their pension from safe, traditional occupational and/or private pensions into self-invested personal pensions (known as SIPP’s) where the underlying investments are unregulated, high risk and speculative.
A SIPP is a pension vehicle. With a SIPP you have more choice and control over what you choose to invest in and you can invest in unregulated products.
SIPP’s are designed for people who want to manage their own funds and have more flexibility in respect to switching their investments.
SIPP’s have been used as a platform to invest in high-risk funds and illiquid assets which have resulted in financial loss for many of our clients.
An unregulated investment is an investment that is not regulated by the Financial Conduct Authority.
Examples of these unregulated investments include:
Due to the high risks involved, these investments are usually only suitable for experienced and sophisticated investors; they are not suitable for an ordinary or inexperienced investor.
A pension may have been mis-sold to you if one or more of the following statements is true:
Your financial adviser has a duty to check that the proposed investment is sound and that the recommendation to invest is suitable for you. If you believe you have been mis-sold a pension and lost money due to unsuitable advice, you need to act fast. There are strict time limits for bringing a claim.
Hugh James’s expert Financial Mis-Selling team will be able to guide you through the process to recover your money and can represent you on a “no win, no fee” basis.
If you have been mis-sold a pension, speak to our expert financial mis-selling solicitors today, to find out how we can help you recover your money.
The deadline to join the Berkeley Burke group litigation has now passed.
An application for a group litigation order (GLO) in respect of Berkeley Burke SIPP Litigation has been approved by the High Court.
The High Court has made a Group Litigation Order on 23 January 2018 in relation to a group action to be pursued by individuals who hold Self-Invested Personal Pensions with Berkeley Burke SIPP Administration Services Limited.
The group action concerns claims for damages, interest, and costs arising from the establishment and operation of Self-Invested Personal Pension plans. The court has ordered that any individual who wishes to pursue such a claim can join the group action by being added to the group register of claims. No claim may be added to the register after 23 July 2018 without the permission of the managing judge.
The court has appointed joint lead solicitors Hugh James and Wixted & Co to manage and coordinate the claims.
The following regulated firms have been identified as firms that made SIPP transfers:
If you were introduced to the SIPP by a third party introducer that was not authorised and regulated by the Financial Conduct Authority, you may still be able to recover your losses.
The following are examples of third party introducers:
The following are examples of SIPP operators: