Kynaston Carnoustie were declared in default by the FSCS, after a wave of allegations regarding investment advice surrounding Self Invested Personal Pensions.
Whilst SIPPs are available for anyone to invest in, they can contain investments in high-risk, often unregulated schemes – such as Premier Children Services and Sustainable Agro energy – which are not suitable for everyone and not protected by the FSCS or FCA.
Their status has now been changed to ‘No longer Authorised’ by the FCA – meaning they can no longer provide advice regarding regulated products.
If you received advice from Kynaston Carnoustie and are worried about it – you can talk to one of our Claims Team who have experience in assessing whether the advice you received was negligent or not and if you may have a case to claim compensation. Call 0114 2664216 or fill in the enquiry form to arrange a convenient time for us to call you.
You are not required to use our services to pursue your claim. You can also seek further advice or shop around subject to any time limits within which a claim must be made.
It is possible for you to present the claim for free, either to the firm or person against whom you wish to complain or to the statutory ombudsman (Financial Ombudsman Service or Pension Ombudsman Service) or the Financial Compensation Scheme, whichever is applicable to your claim.
We will not make or pursue a claim, or advise you to, if we know or have reasonable grounds to suspect that the claim does not have a good arguable basis, and or is fraudulent or frivolous.