Pointon York Limited

If you received advice to transfer into the Pointon York SIPP, you may want to check if you should be claiming compensation for mis-selling

Pointon York Ltd, formerly known as Pointon York SIPP Solutions Ltd, were considered one of the original SIPP providers having launched their first SIPP product in 1990.  

In 2014 they sold the SIPP arm of their business to Curtis Banks, which reportedly contained 7,000 SIPPs. Some of these were overseen by Crescent Trustees Ltd, which are part of the Curtis Banks Group.

FCA Restrictions

In 2017 the FCA placed restrictions on their permissions stating;

“With effect from 14 February 2017, Pointon York Ltd may not carry on any of the regulated activities in its Part 4A Permission.”

In 2018 they went into liquidation and are no longer trading or authorised by the FCA. 

Pension Transfer Advice and SIPP Mis-selling

Many clients had received advice from regulated Financial Advisers to transfer their pension into the SIPP. Unfortunately for some, the SIPP contained high-risk, non-standard investments; some of which are now are illiquid meaning they cannot be sold or traded. 

In fact, the FSCS have already assessed and paid compensation to clients who had received advice from Advisers, who have also been declared in default. These advisers include BankHouse, Financial Page and Henderson Carter 

Some of the investments connected to Pointon York SIPP are Carbon Credits and Green Oil Plantations. 

Pointon York Compensation Claims 

The FSCS have now declared Pointon York in default. This is something they do when they are satisfied that there is an eligible claim and that the firm is unable to pay claims for compensation. 

Reports have suggested the FSCS have received over 100 complaints against Pointon York since accepting claims in 2018. There were reportedly problems with establishing valid claims due to the difficulty collecting evidence from 3rd parties relating to Pointon York’s due diligence.

Latest on Pointon York 

However, the latest update from the FSCS says they are now assessing claims relating to the firms due diligence.

SIPP operator due diligence and whether they can be held accountable for their part in mis-selling is still an industry hot topic. With high profile court case verdicts differing from ombudsman decisions, sadly there’s still uncertainty for clients seeking proper financial redress.

Regardless of this, if you received unsuitable financial advice, making a complaint against the adviser or firm would be the initial step to make in the claims process. 

Want a free expert check to see if you’ve been mis-sold by Pointon York?

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
High-risk investments which are now worthless
2
Financial Advisers Bankhouse, Financial Page and Henderson Carter were the investment advisers
3
The Firm 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.