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

Advised clients into SIPPS which had high-risk, unregulated investments
These investments included Harlequin Property which was considered unsuitable for the average investor
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.

Rodders Hewitt
Pension Claim Consulting Ltd ...have for me done a great job ...within the expected time scale ...Couldn't have asked for more
Phil C
Thank you to all at PCC. My claim was managed brilliantly and was successful. I can highly recommended their services. Thank you once again
Christopher Fraser
After identifying a concern regarding my pension, I sought advice from Pension Claim Consulting. The response and customer service was swift and amazing. The courtesy and care taken throughout the whole process was phenomenal. The consultant’s communication from start to finish filled me with confidence that PCC do exactly what they state and were on hand whenever required. The level of understanding, empathy for the frustrations, and patience is by far the best I’ve witnessed. I cannot thank PCC enough for their outstanding work ethic and dedication to customers/clients. If you have any concerns at all regarding your pension, then I would highly recommend that you get in touch with them.
Andy Yates
Fantastic service, so impressed with Pension Claims Consulting. None stop updates throughout and everyone who works there was so helpful and supportive in every way. Thank you so much for getting my pension back.
Robert Manningham
Pension Claim Consulting Ltd successfully won a case on my behalf following misguided advice I received in relation to my pension. They were most proactive in the process and kept me fully informed every step of the way. I have no hesitation in recommending their services.
Deanamo 84
Very professional, very thorough and very good at what they do. Always at the end of the phone or email for any questions at anytime throughout the process. I can’t recommend them enough.
Roger King
Pension Claim Consulting managed to reclaim some of my pension by constantly chasing the company that fraudulently took my money. I though that I had lost everything. I cannot thank them enough on recovering some of my pension back.
Susan Stringer
Excellent standard of service. The claim was protracted substantially by virtue of opponents trying hard to not accept any responsibility for their actions and not return the pension fund. PCC kept me fully informed throughout the process, obtained an excellent result for me.They also kept chasing the opponent when little action was taking place from them. The staff were always pleasant and helpful to deal with and very encouraging when I felt my claim was doomed to failure. I can not praise highly enough
Paul Wilshaw
Very professional and informative from the beginning of our 5 year relationship. They talked me through every step of the process with what to expect. I would recommend Pension Claim Consulting to anyone who wants an honest and professional service.
Bill Cass
Great team and they will get the best outcome they can always kept informed the process took a longtime not because of anything pension claims consulting did purely the pension sip provider playing games i would 110% recommend this company to pursue your claim without doubt best thing i have done they didn't give up on my claim even though I had given up on any good outcome however finally resolved and paid thank you pension claim consulting
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.