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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Get Help With Your Complaint Today & Contact X-Claims
X-Claims has a proven track record in successfully winning maximum compensation for their clients and work on a no win no-fee basis with no up-front fees. You can only make a claim once, so using a professionally qualified regulated firm can be invaluable. If you are unhappy in any way and are dissatisfied with your financial product then please get in touch with us.
You do not need to use a claims management company to make a claim
You can do this yourself for free, and if your claim is unsuccessful you can pursue it yourself with the Financial Ombudsman Service.
If your product provider or your financial advisor is no longer in business, you may be able to use the Financial Services Compensation Scheme (subject to their Rules).
X-Claims Limited is authorised and regulated by the Financial Conduct Authority – FRN: 829746
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PO Box 470, Tonbridge, Kent, TN9 9FG
Oakley House, Fordcombe Road, Penshurst, Kent, TN11 8DP