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London & Colonial Services Limited

London & Colonial Services Limited is pension provider with over 30 years’ experience in the industry.

They are best known for their SIPPs (Self Invested Personal Pensions) for which they administrated for more than 2,000 clients.

Once generating annual profits of over £1 million from their SIPP products alone; now claims are being made against them for SIPP pension mis-selling.

STM and London & Colonial

In 2016 Gibraltar based STM group purchased London & Colonial for £5.3m. STM Group also bought a major stake in Carey Pensions, now known as Options Pensions.

Was my SIPP mis-sold? Check if you have a case to claim compensation

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Our initial assessment can tell you if your Self-Invested Personal Pension (SIPP) was mis-sold and if you have a case to claim compensation

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It’s simply a chat with one of our friendly straight-talking experts who will happily answer your questions and inform you of your options

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It’s free and there’s absolutely no pressure to use our claims service if you have case

The BAD news:

The Mis-sold SIPP scandal has cost pension savers BILLIONS of pounds

The GOOD news:

Compensation payments are hitting record figures every year

Did your adviser recommend you move your pension into a London & Colonial SIPP?

Many London & Colonial SIPPs had underlying investments that were high-risk and unsuitable for the average investor.

But poor financial advice and in some cases negligent actions by financial advisers has meant innocent clients have been led to invest their pension funds.

Did your adviser fail in their regulatory duty and didn’t duly explain the risks of investing in unregulated funds? You may have a case.

 

The Resort Group Investment in London & Colonial SIPPs

One investment linked to mis-sold SIPPs is The Resort Group (TRG). A high-risk investment in luxury holiday resorts in Cape Verde; it’s considered unsuitable for most SIPP investors.

Some clients were invited to pension presentations in London by The Resort Group.They were then referred to Real SIPP, CIB Life and Pensions and London & Colonial as part of a transfer package. This allowed clients to invest in TRG via a London & Colonial SIPP.

In October 2021 the FSCS said it had received nearly 2.5k claims linked to The Resort Group involving 51 different financial advisers, many of which are no longer trading.

Are you entitled to mis-sold SIPP compensation from London & Colonial?

If London & Colonial accepted your business but broke the rules in doing so you may have a case against them.

And could be entitled to mis-sold SIPP compensation.

It’s only recently that claims have been successfully made against SIPP providers for their part in pension mis-selling.

Challenging their due diligence on the investments they have in their SIPPs and how they accepted business.

In November we received a successful outcome for our client Miss S against London & Colonial. 

 

Want to know if you have a claim against London & Colonial?

Get in touch and have a free initial consultation with one of our friendly experts!

We can help assess your case and eligibility for claiming mis-sold SIPP compensation.

And there’s no pressure or obligation to use our claims service if you do have a case.

Simply fill in the form below to arrange an assessment and to see if you should be starting a claim.

 

Check if you have a case




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    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.