Douglas Baillie & The Pension Specialist

If you received advice from Douglas Baillie & The Pension Specialist you may want to check if you should be claiming compensation for mis-selling

In 2013 Douglas Baillie suspended its pension switching business ‘The Pension Specialist’. This was after the Financial Conduct Authority raised concerns regarding compliance.

The FCA’s concerns were about how thoroughly Douglas Baillie were checking their clients’ financial situation before making recommendations.

Douglas Baillie & The Pensions Specialist and Pension Mis-selling

A regulated Financial Adviser has a duty to ensure any recommendations they make are in line with their client’s personal and financial circumstances.

For example, high-risk investments are generally only considered suitable for people who:

  • Understand the potential risk for losses as well as gains
  • Can afford the potential losses
  • Understand this type of investment

So, if you don’t fit the criteria above, it’s unlikely high-risk investment would be suitable for you.

How does pension mis-selling happen?

A majority of mis-selling has occurred as a result of people receiving unsuitable advice and transferring into a SIPP with high-risk unregulated investments.

There have been Ombudsman decisions against Douglas Baillie for the advice they gave to clients regarding SIPPs. In particular where clients had been wrongly advised into unsuitable and unregulated investments. The investments include Storefirst, Green Oil Plantations and Harlequin Property

Latest on Douglas Baillie & The Pension Specialist

Douglas Baillie appointed liquidators and in 2016 the FCA changed their status to “No longer authorised”.

In 2017 the FSCS declared them in default. This is something they do when they are satisfied a company cannot meet its financial obligations.

They are currently in liquidation.

Are you concerned about the advice you may have received from Douglas Baillie and want to talk to someone who can help you understand mis-selling and if you have been mis-sold?

Get an expert opinion with our free assessment check

Whilst each case is individual, as mis-selling specialists we know to look for certain signs that in our experience indicate that mis-selling may have happened.

Our assessment is free and there’s absolutely no obligation to use our service if you have case.

Key Facts

1
Douglas Baillie & The Pension Specialists advised clients into SIPPs which contained unsuitable investments
2
These investments include Storefirst, Harlequin and Green Oil Plantations
3
The FCA removed their authorisation and they entered liquidation in 2016

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Rodders Hewitt
2024-03-08
Pension Claim Consulting Ltd ...have for me done a great job ...within the expected time scale ...Couldn't have asked for more
Phil C
2024-02-23
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
2024-02-07
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
2024-02-06
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Robert Manningham
2024-02-05
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
2024-02-05
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Roger King
2024-01-16
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
2023-10-17
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
2023-10-17
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
2023-10-16
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.