Beaufort Securities Ltd - Beaufort SIPP

If you invested with Beaufort, either with their DFM service or into the Beaufort Securities SIPP you may want to check if you should be claiming compensation for mis-selling

The firm started out in 1992 and have previously being known as Hoodless Brennan & Partners, Hoodless Brennan PLC, HB Markets PLC and HB Markets Ltd.

Providing financial services such as Discretionary Fund Management (DFM), Stockbroking, as well as aspects of SIPP pensions and investments. 

The Beaufort Securities group of companies have been no stranger to controversy.

Brief Timeline

  • 2003 – they were fined for producing false and mis-leading info for an announcement they made that they had placed £2.5m of shares in PrimeEnt Plc – a media company listed as on the AIM (Alternative Investment Markets) – when that wasn’t the case.
  • 2006 – they were fined again after the FSA considered that Hoodless Brennan staff had deliberately engaged in “unacceptable selling practices”
  • 2016 – FCA put restrictions on Beaufort Securities as claims against Beaufort SIPP rise
  • 2018 – Beaufort Asset Clearing Services went into special administration following an FBI undercover operation involving alleged money laundering, securities fraud and a Picasso Painting!
  • 2020 – Both companies entered administration in 2018. Beaufort Securities is now dissolved following liquidation. 

Beaufort Securities SIPP

In 2016 the FCA placed restrictions on Beaufort Securities in respect of regulated activity. Claims started to arise in respect of the Beaufort SIPP as it became clear that the high-risk investments within this SIPP were unsuitable for the investors who had been advised to transfer into it.

As with most cases of SIPP mis-selling, the claim for compensation is usually made against an Adviser for the regulated advice. However, a DFM also has a regulated obligation and in a case upheld against Beaufort in 2017, the FOS said: ‘Even if there was some input from the IFA, Beaufort Securities accepts that its DFM had authority to make his own investment decisions.’

Grosvenor Butterworth

Grosvenor Butterworth made “unsuitable recommendations” for people to invest with Beaufort Securities DFM portfolios

Aegis Power Bond

The Aegis Power Bond is an investment known to have been included in some Beaufort portfolios, despite being an unsuitable investment for the clients.

A previous claim upheld by the Financial Ombudsman Service related to a client who had lost £71k after investing in Eastbridge Investments through Beaufort Securities DFM

Helix Bond Investment

Helix Bond is a failed investment. Clients who invested in Helix Bond were unaware that their monies were pooled together with other consumers unknown to them in Tranches in order to increase the total value in order pass the minimum investment limit permissible for Helix Bond.

Read more on how we successfully managed to win our client Miss J’s case despite the complexity of Helix Bond as an investment.

Get an expert opinion on Beaufort Securities

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

Beaufort had high-risk, unregulated investments such as AEGIS Power Bond in some SIPPs
Other trading names include Hoodless Brennan & HB Markets
Beaufort went into Administration in 2018

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
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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
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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.