What you need to know about the LEBC Group scandal

When LEBC Group Ltd went into administration in 2023, many good folks like you were left wondering about the safety of their pensions and investments. If you trusted LEBC Group with your hard-earned retirement money and are now facing losses, we’re here to help.

This guide covers:

• Who was LEBC Group Ltd?
• Timeline of events leading to LEBC Group’s failure
• What happened with LEBC Group Ltd?
• How do you know if you’ve been mis-sold?
• How to start your claim for compensation

Who was LEBC Group Ltd?

LEBC Group Ltd was a financial advice firm that offered services like:

• Pension guidance
• Retirement planning
• Investment advice

They were regulated by the Financial Conduct Authority (FRN: 760755). In late 2023, they entered administration and were declared to be in default by the FSCS a year late, paving the way for their affected clients to claim compensation.

Timeline of events leading to LEBC’s failure

Here’s a quick look at how things unfolded before LEBC Group Ltd shut its doors:

• 2000 – LEBC Group Ltd was established, offering pension and investment advice across the UK.
• 2019 – LEBC stopped providing defined benefit pension transfer advice, leading to a 20% drop in revenue.
• 2023 – LEBC Group entered administration. With the FCA’s approval, its assets were transferred to its sister company.
• 2024 – The FSCS declared LEBC Group Ltd in default.

What did LEBC Group Ltd do to their clients?

Many clients who relied on LEBC for financial advice found themselves facing unexpected losses after a number of common issues were reported:

• Advising clients to move pensions into unsuitable, high-risk investments.
• Not offering clear information on fees, risks, and charges related to transfers.
• Rushing clients into decisions without giving them enough time to consider other options.
• Providing poor returns or losses, contrary to what they promised.

How do you know if you’ve been mis-sold a pension?

If you’re unsure whether LEBC mis-sold your pension, consider the following:

• Were you advised to transfer your pension into a Self-Invested Personal Pension (SIPP) or another high-risk investment?
• Did an advisor at LEBC fail to clearly explain the risks, fees, or potential losses?
• Did you feel pressured to make a quick decision?
• Has your pension lost value or not grown as promised?

If any of these situations sound familiar, you could have a valid claim. The Spencer Churchill Claims Advice team is ready to review claims against LEBC Group Ltd and help determine if you’re eligible for compensation. Take the first step today!

How to start your claim for compensation

If you think you’ve lost money from your pension through LEBC’s poor advice, you might be able to claim it back. The team at Spencer Churchill Claims Advice specialises in handling mis-sold pension and investment claims – with no upfront fees.

Our simple claims process

Here’s how our team has your back:

• Review your case – We’ll have a quick, no-obligation chat to discuss your situation and determine if you have a valid claim.
• Handle the paperwork – Once we have everything we need to know, we’ll manage all the paperwork with the relevant people and bodies involved.
• File your claim – We’ll submit your claim and keep you updated every step of the way.
• Fight for your money – Our team will communicate with your creditors, negotiating on your behalf to win as much compensation as possible.

Getting the best outcome for you

We’re here to help you recover what you’ve lost. Here’s what we specialise in:

• Mis-sold pensions – Supporting people reclaim losses from bad advice.
• Mis-sold SIPPs – Supporting those pushed into risky schemes
• Mis-sold pension transfers – Assisting clients who were given poor advice to get their savings.
• Mis-sold investments and mis-sold bonds – Helping you take back control of your money.

Get your hard-earned money back today!

Don’t let financial losses from a mis-sold pension affect your retirement. Contact the Spencer Churchill Claims Advice team today for a free, no-obligation chat. Let’s see if we can help you reclaim what’s rightfully yours – start getting your money back now!