1 Stop Financial Services

If you received advice you may want to check if you should be claiming compensation for mis-selling

Between 2010 and 2012, the managing directors of 1 Stop Financial Services – Andrew Rees and Timothy Hughes – advised nearly 2,000 customers on switching their existing pensions into SIPP’s. The value of which was £122m.

These SIPP’s contained investments in products such as diamonds and overseas property, which are high risk and unregulated.

Harlequin Property is one of the investments 1 Stop clients are known to have been invested in.

Negligent Financial Advice and Mis-selling 

High-risk investment can be great for the right kind of investor. Someone who can afford to take the risks and possible losses, and understands that’s the case. 

But if you can’t afford the losses and don’t understand how high-risk investment works, then you are probably not suitable for these types of investment. More importantly, you probably shouldn’t have been advised into them anyway.

Negligent financial advice is one of the biggest factors in pension transfer mis-selling.

1 Stop Financial Services No. 1 for Complaints

In 2019 1 Stop Financial Services was the number 1 advice firm to receive complaints via the FSCS, with 1,254.

It was also reported at the time that these individuals not only failed in checking the client’s suitability for the investments, but also failed to adequately disclose a conflict of interest to their clients. This being that they had received referrals from introducer firm EGI, which they also had shares in.

Latest on 1 Stop Financial Services

In 2014, the Financial Conduct Authority banned them from “performing any significant influence functions with regard to regulated activity” and they ceased trading.

The directors were fined over £400k by the FCA which helped fund compensation claims made against them via the FSCS.

What can I do if I think I’ve been mis-sold my SIPP?

If you were advised to transfer into a SIPP and have concerns about the advice you received or the investments within the SIPP, we may be able to help.

In addition, we offer a free initial check to see if you may have been mis-sold. It’s just a simple chat with one of our team, who can briefly assess if you may have a case. There’s no obligation to use our service. 

See what our clients think of us on Trustpilot

Key Facts

1
Advised clients into SIPPS which had high-risk, unregulated investments
2
These investments included Harlequin Property which was considered unsuitable for the average investor
3
1 Stop Financial Services ceased trading and had its FCA authorisation removed in 2014

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.

Robert Pemberton
2022-04-11
Antony Stroud
2022-04-08
Excellent company, would definitely use again, they never gave up
Junior Geener
2022-03-20
always kept you informed has to what was going on .I'd recommend pension claim to anybody
Ian Gaynor
2022-03-14
A thoroughly positive result and experience. In all honesty I didn't have much hope of any success following a truly dodgy pension investment. I spent years angry at myself then decided to let these guys have a go on my behalf. It took hardy any effort on my part and they kept me fully informed, then out of the blue I got a call saying they have won all my pension back plus more and within days it hit my account. Thrilled with their effort and professionalism. I dealt with a few different staff and all were informative, polite and helpful. I great end to a terrible situation. 100% genuine review and I cannot recommend them enough. Thank you.
Grace Anderson
2022-03-11
Pension Claim Consulting were a Godsend. I was told about them by a friend who had also invested in a pension. They kept me informed on the progress of my claim with regular updates and answered my queries with patience and professionalism. There percentage for on behalf was also lower than expected. I can't thank them enough
adrian buck
2022-03-10
Keith Wilkins
2022-03-09
Very thorough and achieved the goal regarding compensation in full. Took a while but was worth the wait
Mark Holmes
2022-03-08
Excellent service. Great result.
michael dixon
2022-03-08
I was approached by Pension Claim Consulting after the company that was handle ing my SIPP had been investigated by the Financial Ombudsmen and informed me i had a case, with this information given to me i agreed to let them represent me in trying to reclaim my investment. All through the process i was informed of every step and on a regular basis even though it took many months the outcome was successful and i was reimbursed fully. This is a fantastic company to work with and dedicated staff who know their business. Many Thanks. Mike Dixon.
Roderick Turnbull
2022-03-08
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.