Pointon York SIPP Claims
Pointon York, or Pointon York SIPP Solutions Ltd, was a provider of SIPPs here in the UK, but is now in liquidation as of November 2018.
Like many SIPP providers, Pointon York had quite a few high-risk investments on it’s books, such as Carbon Credits and Green Oil Plantations.
Known to the team of mis-sold pension claim specialists at Spencer Churchill Claims Advice, the firm is no-longer trading, with many accounts now managed by Crescent Trustees Limited, part of the Curtis Banks group.
If you had a SIPP with Pointon York you may have been mis-sold, and you may be able to make a claim on a No Win – No Fee* basis.
Get started nowWhat happened to Pointon York?
We’re yet to see the Liquidator’s proposal after their appointment in December 2018, which usually details the reasons leading up to the insolvency proceedings.
We know that some Pointon York SIPP accounts held high-risk, non-standard investments that many people weren’t suitable for.
We know that Pointon York sold their SIPP accounts to Curtis Banks in 2014.
We also know that the FCA agreed terms with Pointon York that they would cease to carry out any regulated activities relating to Part 4A of their permissions from 14th Feb 2017.
Speak with a specialist claims handler today
If you had a Pointon York SIPP, you may be able to claim
Can you claim for Pointon York compensation?
SIPP mis-selling is huge, with thousands of people all over the UK realising they were mis-sold their SIPP pensions filled with high-risk investments.
If you:
- Transferred your pension to a Pointon York SIPP
- Invested in any 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.
Speak with an expertHow is Pointon York connected to SIPP Mis-selling?
Pointon York aren’t alone when it comes to connections to mis-sold SIPP pensions – many other SIPP providers have exposure too.
SIPPs allow for a greater and wider range of investment choice, but this choice can also include high-risk investments that are not regulated by the FCA.
These investments may be suitable for people who are earning enough, or have enough investment experience to understand and manage the risk, but not for your average ‘retail’ investor.
Financial advisers and SIPP companies should have been checking that those investing in high-risk schemes were suitable for them, but they often didn’t, or simply took fees and commission for giving unsuitable transfers the green light.
Get started nowPointon York Related Claims
Pointon York FAQ's
Are Pointon York still operating?
No, they agreed the sale of their SIPP book to Curtis Banks back in 2014, and remain “authorised – in liquidation” on the FCA register as we write this (July 2019).
I used to have a Pointon York SIPP, now I'm with Crescent Trustees?
Yes, that’s perfectly possible. Pointon York sold their SIPP accounts to Crescent Trustees some years ago. You can still check to see if your original Pointon York pension was mis-sold to you with a FREE initial assessment with Spencer Churchill Claims Advice.
I had Carbon Credits in my Pointon York SIPP?
Carbon Credits are a high-risk, non FCA regulated investment. Designed to save the world from climate change while making investors a tidy profit, many of these schemes (and indeed the carbon market as a whole) collapsed some years ago, making many of them valueless.
You may still be able to make a claim for any losses caused by your Carbon Credits investment, just get in touch for a free initial assessment.
Is Pointon York covered by the FSCS?
It depends on what you mean by ‘covered’. As an FCA regulated firm they were covered by FSCS compensation for consumers for many things, but not for Financial Advice.
Usually in the case of mis-sold SIPPs, the responsibility for mis-selling rests with the FInancial Adviser.
However as the FSCS says itself, “SIPP operator due diligence has been an industry hot-topic in recent years and the FSCS is aware that there are a number of pending civil claims in the high court […]”
The results of these high-court cases may effect whether FSCS claims against Pointon York will become a factor in the near future.