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City One Securities Ltd

Failed 29/04/2020

FRN: 146908

City One Securities Ltd was declared in default by the Financial Services Compensation Scheme (FSCS) in April 2020.

The advice firm, formerly known as Europacific Corporate Finance Ltd and Holmes & Company Ltd, entered liquidation in January 2020.

According to the FCA register,  the firm ceased to be authorised in August 2023. Prior to this, in December 2019, City One Securities was subject to FCA requirements in respect of its authorisation.

These limited its promotional activity and also concerned its relationship with its several Appointed Representatives. It was also told by the FCA to “terminate its relationship with its appointed representative Sustainify Ltd”

City One Securities claims and St Pauls Marketing

The FSCS has said it is accepting claims against City One Securities that involve St Pauls Marketing – an Appointed Representative of the firm.

Customers who invested in Just Loans Group or Hydrology plc (formerly Water Bonds plc) may have been contacted by St Pauls Marketing and could have a claim against City One Securities. As the principal firm to St Pauls, they would usually be liable for any advice given.

Eligible claims against City One Securities are now being processed by the Financial Services Compensation Scheme (FSCS).

Latest on FSCS claims against City One Securities

The FSCS announced in February 2024 that it had completed its investigation into City One Securities Ltd in relation to the activities of St Pauls Marketing Ltd.

The FSCS’ investigation centred on customers who were introduced by St Pauls Marketing to Hydrology plc (formerly Water Bonds plc) and/or JLG Group plc (Just Loans).

These customers then switched their pension arrangements into a Gaudi SIPP in order to invest.

The FSCS says it can consider claims against City One for the actions of St Pauls until 11 October 2015. This is the date when they ceased being St Paul’s principal firm.

Claims in relation to St Pauls Marketing Ltd carrying out the same activities, from 12th October 2015, should be made against Alexander David Securities Ltd, which was the principal firm after this time.

 

Some useful links to help you make a claim yourself

You can make a claim yourself, for free, with the FSCS (Financial Services Compensation Scheme).

Financial Services Compensation Scheme
FSCS Making a claim
FSCS Contact Us

Money Helper
How to spot a pension scam

Money & Pensions Service
How MaPS can help those who have been scammed on their pensions

 

Or let our service take care of your claim

Pension Claim Consulting is one of the UK’s leading claims management firms specialising in mis-sold pension and investment claims.

Our claims service includes full investigations and total management of your claim on your behalf.

Our success fee is calculated at 15%+VAT (total 18%) of the gross amount of compensation offered to you.

And our maximum success fee is capped at £7,500 + VAT.

Simply fill in the form below.

Key Facts

1
City One Securities Ltd was declared in default by the FSCS in April 2020.
2
If you want to know if you may have a case to claim compensation - our no obligation initial consultation could help!
3
And if you want us to take care of your claim - we are one of the UK's leading claims companies. Check out our client reviews, success rate and competitive fees!

We win more than 9 out of 10 claims

The cost of our service is 15% + VAT on the total monies awarded for a successful claim. Our cost is also priced capped at one of the lowest rates.

Important Information!

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 Services Compensation Scheme, whichever is applicable to your claim.