Neglect Assist solicitors tell BBC News that unregulated advisors are an increasing problem
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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.
Oliver advised that this was an increasing problem and underlined the importance of all pensioners to seek advice from a properly authorised financial adviser.
Neglect Assist are an award-winning team of solicitors who specialise in No Win No Fee professional negligence and financial mis-selling and mis-management claims.
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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
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