The Financial Factory Ltd SIPP Claims Guide
We’ll have a specialist call you back for a no obligation chat about your financial claim
As financial advisers based in Northern Ireland, The Financial Factory Ltd had rules to follow when giving people advice about their pensions, ensuring that their clients don’t take on more risk than they can afford with an unsuitable pension transfer.
But our team know know that they didn’t always get their pension advice right, having facilitated some of their clients’ transfers into SIPP pensions to make high-risk and non-FCA regulated investments, like overseas property scheme Harlequin Properties.
Financial advisers should be making sure people have the knowledge and experience to handle investments like these, as well as the wealth and/or income to be able to take the risk on, before recommending high-risk investments like these.
Now, the Financial Factory Ltd is no-longer authorised by the Financial Conduct Authority, and have been declared in default by the FSCS, with 2 FOS decisions upheld against them for SIPP pension related mis-selling.
Can You Make A Financial Factory Mis-Selling Claim?
It is a documented fact that The Financial Factory mis-sold some people their new pension arrangements, but did they mis-sell to you?
If you:
- Transferred your pension to a SIPP
- Made high-risk investments
- Aren’t earning over £100k per year
- Aren’t a Sophisticated Investor
Then you may have been mis-sold, and you could be able to make a claim for negligent SIPP advice.
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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.
Financial Factory Timeline
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Company Formed
2008
The Financial Factory Ltd is formed as a company in Northern Ireland.
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Appointed Representative
2014
In June 2014, the company went into insolvency proceedings, with a meeting that led to a Creditor’s Voluntary Agreement.
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Ombudsman Decisions
2017
In September 2017, 2 separate complaints were upheld against The Financial Factory Ltd, both involving advice to invest in Harlequin Properties through a SIPP pensions. You can read the first one here
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Dissolved And In Default
2018
By August 2018, the company was completed dissolved. The FSCS declared The Financial Factory in default the following month, meaning that any further claims against their advice would be considered by the Financial Services Compensation Scheme.
Related To Financial Factory
SOPHISTICATED INVESTOR
Do you have a wealth of knowledge and experience in investing?
HIGH NET-WORTH 1
Do you earn in excess of £100,000 per annum?
HIGH NET-WORTH 2
Or do you own £250,000 worth of investable assets?
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