He had pension savings of slightly over £32,000 and did not want to take any risks with this money as he was approaching retirement. He would therefore have little opportunity to make back any losses which may potentially be suffered through higher risk investments.
He received unsolicited contact from PFR Services who, he later discovered, were not authorised or regulated to give financial advice. They stated that he could make significant gains by transferring his pension to Liberty SIPP and by then investing the fund in agricultural land in Australia.
Mr B acted in reliance upon this advice and transferred his entire pension to Liberty SIPP. The investment was into a high-risk and unregulated asset class and therefore exposed him to a much higher level of risk than he had been intending to take or was comfortable with.
The SIPP has failed to provide any return and he is currently unable to sell the assets or otherwise exit the fund. It is considered that he has a low prospect of receiving his money back.
Mr B asked us to represent him in a no win, no fee claim against Liberty SIPP to recover his financial losses. The case is ongoing and compensation of over £32,000 is being sought.
Why choose Neglect Assist?
- 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.