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

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

Rodders Hewitt
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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.
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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.
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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
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Bill Cass
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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.