1 Stop Financial Services SIPP Claim

1 Stop Financial Services SIPP Claims

The FCA website notes the following regarding 1 Stop Financial Services: “Between October 2010 and November 2012, (the) firm advised nearly 2,000 customers on switching their existing pensions (valued at in excess of £112 million) into SIPPs. The firm’s customers used the SIPPs to invest in products such as diamonds and overseas property which were typically not permitted by the customers’ existing schemes”.

Many of their clients invested in Harlequin Caribbean property developments. The firm’s partners were fined a total of £490,100. The firm was based in Pembrokeshire and anyone who was a customer of theirs and advised to transfer their pension into a SIPP may therefore may be entitled to claim back any money lost.

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How 1 Stop Financial Services May have Mis-Sold To You?

In order to determine if you are eligible for a SIPP compensation claim against 1 Stop Financial Services please check If any of the following statements is true in your case:

  • 1 Stop Financial Services did not explain the pension transfer & investment risks to you properly.
  • Your financial situation was not properly assessed with a fact find by 1 Stop Financial Services.
  •  You felt uncomfortable or pressured by the firm into an investment that you didn’t need or want.
  • 1 Stop Financial Services did not explain that the amount you get back will depend on performance.
  • The firm did not accurately explain the fees and charges that would be incurred.
  • You were unaware that 1 Stop Financial Services had advised you to invest in an unregulated investment.
  • You were not advised by 1 Stop Financial Services about exceeding the £40,000 tax-free limit would make you liable for the 55% income tax.
  • You feel that you were given poor advice by 1 Stop Financial Services concerning SIPPs which has left you worse off financially

If any of the above points stand true, then it may be possible for you to get compensation.

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Pension Redress Calculator

Our pension redress calculator will give you an indication of how much your mis-selling refund could be worth. If your case is upheld, the exact value of your refund will not be known until all the facts of your case have been disclosed and a final figure calculated by the firm.

To use the calculator please follow the instructions below.

1.Enter your details into the Red Boxes

Ongoing Monthly (£) is optional if you continued to pay in each month after switching.

2. Choose your growth rate %pa.

Select the rate that you feel your previous pension was growing at. 3% Low, 6% Medium or 9% High rate.

3. Compare your values.

See what your pension would have been worth if you had left it in the previous scheme vs. the new scheme. Choose to compare current value or value at your chosen retirement age.

I Think I’ve Been Mis-sold A SIPP by 1 Stop Financial Services, What Next?

If you believe you have been a victim of mis-selling it's easy to start the SIPP claim process and find out. Just complete the form below and one of our experienced team members with extensive knowledge of the SIPP complaints process will call you back to start a FREE SIPP claim assessment.

The next step in this process is perhaps the most critical step as you have to file a mis-sold pension letter with your pension provider or adviser.

Our team of SIPP claim specialists can help you recover compensation if you were given unsuitable advice regarding what to invest in and the risks involved through SIPPs.

Please get in touch with us if you have any questions regarding your SIPP and how it was sold to you. We are happy to discuss any concerns and start a free SIPP claim assessment for compensation.

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Even if the financial adviser who sold you the investment or the firm(s) you invested in are no longer trading, our experienced team may still be able to recover some of your losses. Get in touch and discuss your case with us.

Received Bad Advice Which Resulted In Financial Loss?

Millions have suffered financial losses investing or transferring their pension funds into a Self Invested Personal Pension (SIPP).

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