1 Stop Financial Services’ Managing Directors – Andrew Rees and Timothy Hughes – advised nearly 2,000 customers on switching their existing pensions into SIPP’s between 2010 and 2012. Were you one of them?
These SIPP’s contained investments in products such as diamonds and overseas property, which are considered high risk and often unregulated.
?In 2014 the Financial Conduct Authority banned them from “performing any significant influence functions with regard to regulated activity” and they ceased trading.
If you are concerned about the advice you received to transfer your pension into a SIPP, then you can speak to our UK based Claim Handling Team. We can help access whether the advice you received was suitable or negligent and if you can pursue a claim for compensation.