SVS Securities And Mis-Sold Financial Advice
We’ll have a specialist call you back for a no obligation chat about your financial claim
We at Spencer Churchill Claims Advice have experience with mis-sold pensions. Specialising in final salary claims, mis-sold SIPPs (self-invested personal pensions), annuities claims and more.
Our experienced case handlers are always on-hand to help. We’ll listen to your pension story, offer clear and transparent advice, and discover if we can move your claim forward.
We can offer support and guidance for claims regarding SVS Securities and mis-sold SIPPs too. Read on to find out more.
Who Is SVS Securities?
SVS Securities was a wealth management firm that offered a number of services to clients, including stockbroking, share dealing, fund management.
The firm went into administration in 2019 after the FCA (Financial Conduct Authority) blocked them from conducting new business; citing serious concerns about their questionable commission arrangements and the promotion of high-risk bonds to clients.
SVS were accused of lacking due diligence and advising clients to transfer their pensions into high-risk and unsuitable ventures, particularly given most people transferring their pensions weren’t considered the type of seasoned investor to plough money into high-risk schemes.
The FCA also found that SVS Securities had been charging high fees to customers through commissions and charges, with some seeing their investment pot reduced by more than a fifth through these fees.
Over £278m of assets and cash was obtained through SVS’s liquidation and broker ITI Capital were charged with distributing this to investors in July 2020.
Make a mis-sold pension claim
Fill in the form below and one of our team will be in touch for a free, friendly, no-obligation chat to assess your situation.
We’ll go through your options, your rights to making a claim and discuss how we can move forward. And don’t worry, this a free assessment and we don’t take any up-front costs.
Let’s rewrite your financial story
We are here to rewrite the book for you. And luckily we are pretty damn good at creating happy endings.
We are here to rewrite the book for you. And luckily we are pretty damn good at creating happy endings.
When you get let down by someone you thought you could trust, it can leave its mark on you, emotionally and physically.
We are committed to transparency and fairness in the way we conduct with clients, including how we charge for our claims services.
Do SVS Securities Still Trade?
No, the FCA (Financial Conduct Authority) blocked them from conducting business in August 2019, after identifying concerns over their questionable business practices.
What Is A Mis-Sold SIPP?
A mis-sold SIPP (self invested personal pension) can happen when a financial adviser or pension provider either advises or acts in a way that is negligent by the standards set by the UK regulator – the Financial Conduct Authority.
This could be because the money would have been better inside a Defined Benefit pension or because the investments inside were unsuitable for the pension saver.
For example, you may have been advised to transfer your pension into an investment that’s considered high-risk without knowing about what you’re investing in and the risks involved. You may have even been guaranteed an unlikely return on your investment.
If this is the case, you may have a claim to make. For more advice about mis-sold SIPPs, you can contact us here for a FREE consultation.
Could You Make A SVS Securities Claim?
Already several financial advisors, as well as the Financial Services Compensation Scheme (FSCA), have paid out compensation to those who were mis-sold, so you may have a claim to make.
You could be owed compensation if you:
- Transferred your pension to a SIPP
- Aren’t a sophisticated investor
- Were pressured into making an investment
- Were guaranteed a return on your investment
If any of the above apply to you and your relationship with SVS Securities, it doesn’t mean you’re guaranteed compensation, but you may still be able to make a claim.
That’s where we can help you. Our experienced case handlers are always happy to hear a pension story and will explore what options are available to you.
For a FREE initial assessment of your claim, you can contact us here.
How Can You Make A SVS Securities Claim?
The good news is, there are a number of options available to you.
You can contact a team member at Spencer Churchill Claims Advice. The big advantage to this is that our experienced and knowledgeable team will give you bespoke advice and handle the claim on your behalf.
We’ll look at your case individually to discover if we think you can make a claim and then, if we can proceed your claim, work to get you the best result we can.
Do you know how people complained about mis-sold investments and pensions in the last year?
A lot. Over twenty thousand complaints were made about mis-sold pensions and investments in 2020/21, a figure which had doubled since the year before.. It’s no secret how serious this problem is, and it just seems to keep getting worse.
Have you been a victim of financial mis-selling?
Reaching out for help is never easy,
especially if you’ve been misled in the past.
But getting in touch with us won’t commit you to anything. We want to toss you a lifeboat and guide you through the choppy waters of the financial ocean, not leave you struggling to stay afloat. Our experts are here to offer advice and support on financial claims. We know what we’re doing and you can trust that if you’ve got questions, we’ve got answers.
Spencer Churchill Claims Advice featured on:
Spencer Churchill Claims Advice Will:
- Speak to you in plain English
- Provide you with a dedicated claims specialist
- Pay attention to the small details of your case
- Keep you up to date with the status of your claim
- Make sure you understand our charges
- Do absolutely everything we can to win your claim
How does our claims process work?
With millions of mis-sold pensions reported, it’s worth finding out if you can get your money back. Here’s how our simple process works:
What types of claims do we handle?
Find out how much you could claim today
Ready to take the next step? We’re here with clear, no-pressure advice. Give us a call today to find out if you have a valid claim
Office hours:
Monday: 8:00am–6:00pm
Tuesday: 8:00am–6.00pm
Wednesday: 8:00am–6:00pm
Thursday: 8.00am–6.00pm
Friday: Office Closed