Rowanmoor the SIPP Provider is in receivership and did not scrutinise the type of investments that were recommended for its pension customers. Consequently, investments in high-risk schemes have failed, leaving people with financial losses. Although customers can now apply to the FSCS without using a claims management company for free, many may want the help of experts in the pension claims arena to assist with their claim.
The FOS upheld a test complaint against Rowanmoor which found it had failed to verify the integrity of an introducer firm it worked with, on hundreds of high-risk self-invested personal pension investments. The provider operates approximately 4,800 pensions, with assets under administration of £1.4bn. You can find out more about the FOS cases here on the following FT Advisor article.
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: Rowanmoor, unregulated investments, high-risk investments, mis-sold SIPP Pensions. SIPP Complaint, SIPP Pension Claims, SIPP Pension Advice, SIPP mis-selling,
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).
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