Guinness Mahon entered administration following a number of claims made against it relating to non-standard investments in its SIPPs. Like all the other SIPP providers before it, the firm got into trouble for its due diligence processes and procedures in relation to high-risk and unregulated investments, promoted by unregulated introducers. The FOS decided that the SIPP provider should have vetted their introducers and the investments contained in their SIPPS.
Customers can apply to the FSCS which is accepting claims against this firm.

How can you get help? The assets will now be liquidated and returned to clients along with a letter from Guinness Mahon telling clients to bring their complaints to the Financial Services Compensation Scheme.

X-Claims has been helping clients successfully since 2006 with mis-sold SIPP Pension Claims and FSCS claims, which can be complex, simply complete our online contact form to request assistance. Whether it’s down to the advice from an IFA or a lack of due diligence from the SIPP provider; if you’ve been mis-sold and can prove your case, you could receive compensation.

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