Pointon York went into administration in November 2018, leaving many clients wondering what had gone wrong. These clients typically had been placed into high risk unregulated assets - exposig them to a higher risk than they had expected.
If you were advised by your Independent Financial Adviser (IFA) to transfer your pension into a Pointon York SIPP then you may be able to make a claim for compensation. We can assist with this, and tell you very quickly whether or not we believe that you have a valid claim.
The FSCS is currently investigating whether Pointon York carried out adequate "due diligence" over the unregulated assets that some clients were invested into. This means that they are checking whether the firm was certain that these type of investments were suitable for a SIPP.
The unregulated assets within the Pointon York SIPP that have caused concern included Carbon Credit and Green Oil Plantations - there may have been others. These types of funds carry a much higher risk than mainstream investment routes regulated by the Fiancial Conduct Authority (FCA).
If you have been affected you may be able to make a claim. You can do this yourself - directly against the IFA if they are still trading. If they have ceased to trade you may be able to claim via the Financial services Compensation Scheme (FSCS). We are specialists at these types of claims - and we would be happy to work on your behalf.
We only make a charge if we are able to win an offer of compensation for you - other wsie you do not pay us. We charge a fee of 20% inclusive of VAT.
It's important to act quickly - so whichever route you choose, don't delay. You can contact a Partner in our firm - Gary Naylor or Ken hanning - directly using the form or freephpne number below.