Greyfriars Asset Management LLP

If you received advice from Greyfriars, invested in Portfolio Six or moved your pension into a Greyfriars SIPP you may want to check if you should be claiming compensation for mis-selling

Greyfriars Asset Management LLP were a SIPP provider company that were also authorised to provide financial advice, as well as Discretionary Fund Management (DFM) services.

In 2016 they were requested by the FCA to stop accepting new money into their DFM Portfolios, in particular Portfolio Six, on a permanent basis.

What was wrong with Portfolio Six?

Portfolio Six received a lot of media attention, mainly due to the fact that it contained several high-risk investments which were unsuitably marketed to investors. 

These investments included:

Best Asset Management

ABC Bonds – Alpha Business Centres was run by Best Asset Management whose directors have links to Greyfriars Asset Management LLP as well as Lanner Car Parks and Olmsted Properties.

Greyfriars Asset Management goes into Administration

Shortly before going into administration in October 2018, Greyfriars sold the advisory arm of the business to Insight Financial Associates. They then went on to agree the sale of their SIPP book to Hartley Pensions and wound down their DFM service in 2017.

A number of Greyfriars SIPP customers transferred to Gaudi Regulated Services Limited as part of a previous transaction. Gaudi entered administration on 25 April 2023.

FSCS Compensation Claims against Greyfriars Asset Management

In February 2019 the FSCS began accepting claims against Greyfriars in relation to their investment portfolios. 

They are also assessing claims against Advisers, who are also in default and had advised their clients to invest through Greyfriars. 

One notable advice firm linked to Greyfriars portfolio six is Consumer Wealth. They went into liquidation following more than a dozen FOS complaints against the firm.

Most of the clients were advised to transfer their pensions into SIPPs which contained high-risk, non-standard investments, of which many are now illiquid. 

 

What’s the latest with Greyfriars SIPP claims?

During the course of their investigations the FSCS discovered that there weren’t just issues relating to the DFM side of things, but also claims specifically related to SIPPs.

The latest update on the FSCS website from September 2020 says;

“Our legal team has finished its review of Greyfriars SIPP. This completes the FSCS investigation into Greyfriars SIPP. We’ve moved claims to our assessment teams for consideration.”

Do any of the following apply to you?

  •  Transferred to a SIPP with Greyfriars
  •  Invested in Portfolio Six
  •  Took investment advice from Greyfriars

If so, you’d be wise to check if you have been mis-sold

Want a free expert opinion to check if you may have been mis-sold?

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.

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

Key Facts

1
Portfolio Six contained unregulated, high-risk investments such as Lanner Car Parks and The Resort Group
2
Linked to failed adviser firm Consumer Wealth
3
Sold SIPP book to Hartley Pensions 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
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
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
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
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
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.