Ms H from Surrey

Ms H had an occupational pension plan valued at around £250,000, which offered attractive benefits that were superior to those typically available through other private pension plans. She was dependent upon the income that this pension would provide to maintain living standards during her retirement years. She had little knowledge or experience on financial matters and did not want to take risk with her pension.

She was informed that a better level of return could be achieved by transferring the full fund value to a Self Invested Personal Pension (SIPP) administered by Carey Pensions UK LLP. The SIPP was then used to invest in storage pods and agricultural land in Australia.

This was completely contrary to her requirement for a low risk pension option as these funds were unregulated, highly speculative, and came with a considerable element of risk. She has since received no return on the investments and is unable to withdraw or transfer any money from either fund. The likelihood of her receiving any sort of financial return from the SIPP is deemed to be low.

We are representing Ms H in an ongoing no win, no fee claim against Carey Pensions UK LLP to recover her financial losses incurred by investing in the SIPP. The case is ongoing, and we are seeking compensation of over £250,000.

If you’ve suffered losses due to poor investment advice or SIPP mismanagement, contact us today for expert advice and support in recovering your money.

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