Claims Against SIPP Providers

Discover your rights, hold negligent SIPP providers accountable, and secure the compensation you’re entitled to for mis-sold investments.

SIPP providers administer your pension, giving you access to a range of investment options. Unlike traditional pension schemes where the provider manages investments on your behalf, a Self-Invested Personal Pension (SIPP) allows you to choose and control where your money is invested. While this flexibility can be beneficial, it also comes with higher risks—especially when investing in non-standard or high-risk assets. Proper management and a clear understanding of the associated risks and costs are essential. If your SIPP provider failed to carry out proper checks or allowed you to invest in unsuitable, high-risk funds, you may have grounds for a claim.

Unfortunately, certain SIPP providers have in the past allowed their SIPP to be used as a conduit to make unsuitable pension investments. Our ground-breaking cases against SIPP providers have changed law in this respect, and therefore now a SIPP provider is ultimately responsible for the assets it permits to be held within its wrapper.

SIPP providers that have faced claims for mis-sold investments:
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:

Step 1: FREE initial consultation to assess your claim.
Step 2: Gathering evidence and building your case.
Step 3: Handling negotiations with the adviser or company.
Step 4: Recovering your money.

We have over 17 years’ specialist experience in pension professional negligence and boast a team of lawyers working exclusively on these cases. We can offer you:

• A FREE initial consultation in order to assess your claim.
• Evidence gathering to build the strength of your case.
• The presentation of your claim to the adviser and/or redress body.
• Handling negotiations with the adviser or their legal representatives.
• Multiple ways to recover your money, either through alternative dispute resolution or the court as a last resort.

In the UK, SIPP providers are regulated by the Financial Conduct Authority (FCA). The FCA monitors SIPP providers and ensures that they operate in a way that protects consumers. Throughout the years, the FCA has produced thematic reviews and written to SIPP providers about their responsibility to comply with FCA rules and regulations.

It may seem that you have lost everything if your SIPP provider enters into administration or liquidation; however, all is not lost. Whilst you may have a small residual claim against the SIPP provider as an unsecured creditor, because SIPP providers are regulated by the FCA, you can also make a claim at the Financial Services Compensation Scheme (FSCS). The FSCS is an independent organisation that was set up as a fund of last resort in order to compensate customers of authorised financial services firms that have subsequently been determined to be unable to pay claims made against them.

For the FSCS to be able to pay compensation, a claimant must submit an application form and supply all of the supporting evidence to the FSCS. The FSCS will still investigate the merits of a claim and will apply a similar standard of proof to a court. It is important to claim for all of your capital losses plus interest to reflect what your pension would have been worth at today’s value. We were the solicitors who acted for the claimant in the landmark case of Adams v Options UK Personal Pensions LLP. The judgement in that case paved the way for claimants to recover more than just the value of their mis-sold investments from the FSCS but also what their pensions would have been worth if suitably invested. We are confident that we will be able to deploy all of the relevant legal arguments in order to give you the best possible chance of recovering the maximum compensation.