A firm of solicitors has issued 500 cases to the Financial Ombudsman Service (FOS) against Liberty SIPP, on behalf of clients who it said had lost money after investing with the pensions provider.
The firm, Anthony Philip James & Co (APJ), said the cases - representing a total value of £18m - related to the mis-selling of self-invested personal pensions (SIPPs). APJ alleged Liberty SIPP failed in its duty to treat customers fairly by accepting a high volume of clients who were unsuitable for SIPP investments from an unregulated introducer. The firm of solicitors said it is seeking compensation to put clients back into the position they would have been had they not moved out of their original pension schemes. The submissions, it said, follow two mis-selling claims made by APJ...
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