Liberty SIPP is once more in the sights of lawyers who claim the self-invested personal pension (SIPP) provider facilitated pension investments into risky unregulated overseas carbon credit schemes.
According to solicitors Anthony Philip James & Co (APJ), up to 560 people who invested via Liberty SIPP and other SIPP providers lost more than £12m after unregulated schemes Carbonex and Aston Lloyd failed. APJ solicitor Glyn Taylor said: "Despite the Financial Conduct Authority (FCA) issuing warnings about the potential that carbon credit schemes were a sham, Liberty SIPP and the other providers involved failed in their due diligence process and failed to treat its customers fairly. FSA warns of carbon credit scams "Liberty SIPP allowed these investments within its SIPP where the...
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