type of claim
Financial Advice - SIPP
NO WIN, NO FEE
He had a pension fund valued at £53,500 which he was reliant upon for his future retirement. He was contacted by a company who advised that he could achieve significantly better returns by transferring the full amount to a Self Invested Personal Pension (SIPP) with Carey Pensions UK LLP.
Mr A was not experienced with pension matters and was consequently wholly dependent upon the advice he received. He was unaware at the time that the party who initiated contact with him was in fact unauthorised and was not regulated by the Financial Conduct Authority.
Carey Pensions UK LLP allowed the SIPP to invest into storage units. Mr A has not received any return on this investment and the fund is now illiquid. He has been unable to sell, transfer or otherwise withdraw any amount whatsoever from the fund.
He approached us for assistance and we are currently acting on his behalf in a no win, no fee claim against Carey Pensions UK LLP to recover the full capital amount invested plus interest. Compensation of over £50,000 is being claimed.
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