"One of the UK's leading specialists in financial mis-selling…"
The Times
The UK Supreme Court has ruled that two overseas investment schemes are subject to UK financial regulations, including rules around marketing, risk warnings, and mis-selling protections.
Tim Wixted, director of Neglect Assist, told the Financial Times that this ruling highlights how unauthorised investment firms can face criminal charges if engaging in regulated activity without FCA approval.
Mr Wixted raised concerns about the widespread assumption that SIPP investments are always protected simply because the pension wrapper itself is regulated. He advises investors to check whether each underlying investment is also FCA-authorised.
This decision opens the door for mis-sold investors, including directors, business owners, and retirees, to pursue compensation for losses tied to unregulated schemes promoted under false pretences.
You can read the full article on the Financial Times website here:
Watchdog wins Supreme Court victory on exotic investments – Financial Times (subscription required).
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Are you at risk of losing your pension? Neglect Assist's Pradeep Oliver warns about the growing SIPP mis-selling crisis, where even regulated advisers are putting retirement savings in jeopardy through unregulated investments
Hazel Appleyard, a client of Neglect Assist, shared her experience on BBC Radio 4’s Money Box after receiving over £86,000 in compensation from HSBC due to SIPP mis-selling. She described the legal support as “absolutely amazing.”
Neglect Assist senior solicitors Pradeep Oliver and Tim Hampson made an appearance on BBC News to discuss the prevalence of SIPPs being abused to accommodate unsuitable esoteric investments recommended to pensioners by firms of unregulated advisers.
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You do not need legal representation to make a financial services claim. You can complain yourself at no cost and under FCA rules, the financial services provider must provide a response. If you feel this is unsatisfactory, you can complain to the statutory redress bodies, the FOS and FSCS who can award you compensation. This is a free service.
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Neglect Assist is a trading style of Wixted & Co Solicitors which is authorised and regulated by the Solicitors Regulation Authority (SRA) A copy of the SRA handbook can be obtained from www.sra.org.uk. Wixted & Co Solicitors, 57 Putney Bridge Road, London SW18 1NP.
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