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

We win more than 9 out of 10 claims

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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.