For a company whose name might make you think of mortgages, the 3 up-held Financial Ombudsman complaints against Choices – Your Mortgage Solutions are all about pensions… More to the point, their about SIPPs: Self-Invested Personal Pensions, and advising clients to invest in HIGH-RISK investments such as Overseas Property Funds and Sustainable Agro Energy.
These days, Choices – Your Mortgage Solutions is no-more, dissolved in May 2016, and no-longer authorised to conduct regulated pension business (or any other regulated business) by the FCA, but this means the Financial Ombudsman can’t pay out for claims anymore either.
So what can YOU do if you took advice to move your pension from Choices – Your Mortgage Solutions?
One option is to book a free chat with a case assessor at Spencer Churchill Claims Advice to see if you can make a mis-sold pension claim with no upfront costs!
Please note: No Win – No Fee*: Successful claims made through Spencer Churchill Claims Advice are subject to the Success Fee, charged as per your terms of business and engagement letter of any monies awarded to the claim. Clients have a 14 day “Cooling-Off” period during which time they may cancel at any time without charge. After this time, cancellation will result in the application of the Cancellation Fee.
*Figures calculated before deduction of Success Fee and taxes
Get started nowSeveral financial advisers and the FSCS have been paying out compensation for mis-selling investments via SIPPs and SSASs for a few years, with Spencer Churchill Claims Advice often leading the claim.
If you:
Then you may have been mis-sold, and you could be able to make a claim for negligent SIPP advice.
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February 2016 brought not 1, but 3 separately published FOS complaints, upheld against Choices – Your Mortgage Solutions.
All 3 complaints were about SIPP pensions and investments, including Sustainable Agroenergy and overseas property funds, and all 3 resulted in orders to pay compensation.
Just a few months later, in May 2016, the company was dissolved.