News from yesterday (28/04/2020) makes it clear that Liberty SIPP clients need to think carefully about what to do next.
Some clients who transferred their existing pensions into a Liberty SIPP have been invested into Unregulated Assets - ie. investments not regulated by the Financial Conduct Authority (FCA)
Some of these clients were introduced to their Liberty SIPP by an introducer firm called Avacade - were you affected?
The FCA has launched legal proceedings against Avacade, and three former directors of the firm, alleging that it had carried out regulated activities, apparently by offering a free "pension review" service for UK citizens - whilst not being authorised by the FCA.
Now that Liberty SIPP is in administration, it's a good time to consider your options. Will you make the claim yourself - which will involve no charge, or do you want to use our advice - for which we will charge.
A number of Liberty SIPP clients were invested into unregulated assets - such as Ethical Forestry, Storage Pods, and overseas property and "Green" plantations. If you have been affected - it is time to get in touch with us.
We have pursued claims for many clients who have been invested in the past into unregulated assets such as these - let's start a conversation to see if we can help. You can speak to our two Partners, Gary Naylor or Ken Hanning directly about your claim free 0800 254 5066
You can make a direct claim yourself. Or you can choose to use our service.
Now that Liberty SIPP has been placed into administration (28/04/2020) it is likely that the Financial Services Compensation Scheme (FSCS) will look at accepting claims for losses. If you make the claim yourself there will be no charge. If you choose to use our expertise then we will make a charge. But make sure that you do something and take action to try to recover your losses.
If you choose to use us, we will then, with your authority, contact all the relevant parties - and research all available evidence - to determine the scale of any potential loss - and the level of compensation that you might be entitled to.
You can email Gary or Ken directly about your claim using the form below, or use our direct email addresses:
We work on a "no-win no-fee" basis - if we do not win compensation for you, you will not pay us a penny. If we do win an award, we will charge you 16.66% plus VAT of the award - ie. 20% in total. Also, be reassured that we do not handle client money - we will only invoice you once you have your award.
We know that this is a worrying time - but whatever you do - claim yourself or ask us to help you - make sure that you take the first steps to putting things right today!