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Premier Childrens’ Services Investment Claims Guide

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Premier Childrens Services investment sounded like a great plan, especially with the way in which it was sold to some SIPP investors, usually through a cold-call offering a free pension review.

But in reality, Premier Childrens Services was a high-risk investment, that while offering high returns or between 8% and 10% interest depending on how much was invested, posed a risk to people if they were not truly suitable for such a high-risk investment. On the 14th November 2016, Premier Childrens Services entered into administration, prompting calls from concerned investors to Spencer Churchill Claims Advice for help in getting their pension money back.

We’re happy to say we have experience with many of the cases we took on, all on a no upfront costs, always against the negligent financial advice of a regulated adviser, who should have known better than to recommend a pension transfer to a SIPP, and an investment in PCS without proper due diligence checks.

If YOU invested in Premier Childrens Services, you’re entitled to a FREE Initial Assessment with our experienced Claims Handlers to see if you can make a claim too.

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

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Can You Claim For Premier Children’s Services Mis-Selling Compensation?

If you:

  • Transferred your pension to a SIPP
  • Invested in PCS or other 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.

PCS Timeline Of Events

  • Formation And Investments

    2012

    Formed on the 17th May 2012, Premier Childrens’ Services was set up as a holding company to fund several child care facilities…Premier Children Services described itself as an exciting new social care service with desires to become an innovate market leader in the world of children’s social care, and sought investments through what is known as a “Loan Note” for either 3 or 5 years, in return for some healthy looking returns:

    Example 1.     £0-99,000 Investment: 3 years = 8% Interest     5 years = 9% Interest
    Example 2.     £100,000 + Investment: 3 years = 9% Interest     5 years = 10% Interest

  • Administration & Fallout

    2016

    Considering it is now clear some investors were not suitable for such a high-risk investment, PCS going into administration sounded like bad news…

    While around 220 SIPP investors had their money wrapped up in Premier Childrens Services, it went into administration.

    At the time, at least one SIPP provider wrote a letter to Premier Children Services clients, which stated:

    Please be aware that, given the circumstances, no further payments are now expected from PCS. 

    Therefore, if you were anticipating any sort of capital or interest payment into your SIPP 
    which has not been received by 15 November 2016, it is unlikely that this will be paid.”

    Minutes from a board meeting detailed the “”financial difficulties of the company” and that “the company is or is likely to become unable to pay its debts”.

  • Move To Dissolution

    2018

    In November 2018 Premier Chidrens Services moved from being in administration towards a dissolution.

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.

People receive poor financial advice every day. Sometimes they don’t even realise that they’re owed whopping amounts of compensation.
Free Initial Assessment: No-Obligation Chat

Have you been a victim of financial mis-selling?

Answer a few questions and find out if you have good grounds to make a financial compensation claim:

Step 1 of 6

Were you told to invest all, or most, of your savings into a single product?

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.

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  • The Herald
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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

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

Call: 01204929929

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

Find out how much you could claim. Fill in the form, and we’ll get back to you with free, no-obligation advice.
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