Financial loss on SIPPs with Carey Pensions UK LLP

Many people have suffered financial losses investing or transferring their pension funds into a Self Invested Personal Pension (SIPP) provided by Carey Pensions UK LLP.

The SIPP has acted as a wrapper in many instances for investment of funds into high risk or illiquid investments which are wholly unsuitable for pension fund investments. This has led to people suffering devastating financial losses on their pension funds and in some situations, the full fund value has been lost entirely.

We are aware of particular problems and instances of high levels of financial loss on the following SIPPs provided by Carey Pensions UK LLP;

We are acting for over 40 clients who have suffered losses on these funds provided by Carey Pensions UK LLP. If you are similarly affected then we would like to hear from you as we may be able to assist you in bringing a no win, no fee claim to recover your losses.

Carey Pensions UK LLP are a company whose business activities are authorised and regulated by the Financial Conduct Authority (FCA), who are the relevant regulatory body for the financial services industry.

This means they are subject to strict professional standards and have to abide by rules and regulations prescribed by the FCA. Breaches of these provisions could mean that they are liable for any subsequent financial losses suffered by their clients and customers.

We believe that Carey Pensions UK LLP have breached several important, fundamental regulatory rules prescribed by the FCA with regards to the dealings they have had with customers who invest into SIPPs which they provide.

The Financial Ombudsman Service have previously stated that SIPP providers such as Carey Pensions UK LLP have a duty to warn customers not to proceed with unsuitable SIPP investments. In our experience, there are a considerable number of cases where this has not happened.

If you have suffered financial loss as a result of investing or transferring a pension to a SIPP with Carey Pensions UK LLP then Neglect Assist may be able to help. Please call us on 0208 870 7849 for free and without obligation advice.

In our cases, advice to invest in, or transfer to, a SIPP provided by Carey Pensions UK LLP has commonly been given by third parties who in many cases are unauthorised and who are not regulated by the FCA.

However, these third parties act as an introducer to Carey Pensions UK LLP. In such circumstances, it may be possible to establish that Carey Pensions UK LLP are liable for losses caused by reliance upon such advice.

This position is enforced by statute. Section 27 of the Financial Services & Markets Act 2000 allows a customer to recover losses which have been caused by making investments through authorised firms where this follows advice or recommendations made by unauthorised firms.

We are proceeding with a significant number of cases where our clients have suffered financial losses after being introduced to Carey Pensions UK LLP by an unauthorised and unregulated party and would welcome contact from anyone who has been similarly affected.

Several SIPP providers have been held accountable for failing to protect investors from high-risk and unsuitable pension investments. Below are some SIPP providers that have faced legal action and complaints due to regulatory failings:

• 17 Years of Specialist Experience: With 17 years in professional negligence law, our specialist team focuses exclusively on cases like yours, ensuring expert support every step of the way.
• 95% Success Rate: We have a proven 95% success rate for cases within time limits—far superior to the ombudsman’s 60% uphold rate for pension and investment complaints*.
• £150+ Million Recovered Since 2007: We’ve successfully recovered millions for clients who suffered financial losses due to negligent advice or mis-sold investments, demonstrating our ability to deliver results.
• 1000’s of Successful Clients: Our extensive experience and results speak for themselves—we’ve helped thousands of clients achieve justice.
• NO WIN NO FEE Guarantee: You pay nothing unless we win, giving you peace of mind and the confidence to seek the compensation you deserve—completely risk-free.
• Recognised Industry Leaders: We are leaders in professional negligence law and are frequently asked by newspapers, TV and radio for commentary on this area of law.