Her mother died with an estate of £486,000 and she left the fully amount to charitable causes. She failed to make any provision for her daughter and only child, who was relied upon state benefits for income and lived in council owned rented accommodation. She brought a legal challenge to the contents of the Will on the grounds that it was unreasonable for her mother to make no financial provision for her future.
In reaching their decision, the Court gave consideration to the importance of placing the needs of family members above those of other non related beneficiaries. The Court agreed that reasonable financial provision should have been made and decided that this should include a sufficient amount to enable her to purchase her property. After full consideration of all relevant factors, the Court awarded her £163,000.
Mis-selling or mis-management by a SIPP Operator?
Have you suffered financial losses on a SIPP operated by a SIPP operator? If so, then you may have grounds for bringing a No Win No Fee claim.
Some SIPP operators have entered into dealings with third party advisers who are not authorised and regulated by the Financial Conduct Authority to give pension or investment advice. This is despite their regulatory body publishing alerts and giving warnings against such actions.
View MoreMis-sold or mis-managed investment or pension?
- You were sold an investment without having been properly advised of the risks
- Your personal circumstances or attitude to risk wasn’t properly considered
- You were sold a SIPP or poor returning annuity
- You were advised to invest all or most of your savings into a single investment