Carey Pensions is a SIPP provider in the UK, and has been an occasional focus of the pensions mis-selling scandal that has plagued the UK over the last 10 years.
Like most Self-Invested Personal Pensions, the SIPPs on offer from Carey Pensions have been known to host high-risk investments, such as Storage Pods and other such non-standard investments.
In some cases, these pensions may have been mis-sold, and the pension holders put at risk by the investments inside.
This could be down to cold-calling by pension introducers, or by negligent financial advisers.
Carey Pensions has been involved in a High-Court case to determine whether they were negligent in accepting pension switch business from a company the FCA had a warning out against, which resulted in some clients investing in high-risk investments they don’t appear to be suitable for.
If successful, the high court ruling could open to the door to further claims against SIPP providers.Get started now
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Each case needs to be looked at individually. Fortunately, we’ve built a team of mis-selling specialists who can run through a free initial assessment with you to see if you can make a claim.
Carey Pensions UK LLP formed in April 2009.
Carey Pensions lawyers in the high-court defending allegations from some clients that they were “in bed with scammers”.
Feb 2018 revealed that Carey Pensions was regrouping what was called “distressed assets” into one “book”. This included those pensions with High-Risk investments and those that were now valued at £zero.
Carey Pensions denied this was being done to prep for a sale of the company or books.
Despite denying that February’s asset shakeup was in preparation for a sale, May 2018 brought the news that Carey Pensions was up for sale as it reported losses for the second year in a row.