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:

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.

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.

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.