The FCA announced the collapse of the self-invested personal pension provider, EBS Pensions Limited, part of the Embark Group, acquired the Liberty Sipp Limited business and customer assets. They then rebranded to Option SIPP. The legal entity Liberty SIPP Limited was not part of the sale and so retained its liabilities. With the assets it had, any complaints had to be paid out. Because of a high volume of potential claims relating to high-risk non-standard investments, the provider was advised to enter administration to protect former customers and other creditors.
The Financial Ombudsman Service have received around 500 complaints against Liberty SIPP, since 2018, after clients allegedly lost money after making high risk investments. Claims have also been made surrounding clients who ended up investing in unregulated schemes such as Global Plantation Investments and Ethical Forestry.
Liberty SIPP used to administer some 12,800 SIPPs, working with 745 advice firms across the UK.
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 on line 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.
Keywords: Liberty SIPP, EBS Pensions Limited, Embark Group, Liberty SIPP Limited, Option SIPP, mis-sold SIPP Pensions. SIPP Complaint, SIPP Pension Claims, SIPP Pension Advice, SIPP mis-selling, Global Plantation Investments, Ethical Forestry.
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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.
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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).
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