"Hundreds" of claims relating to SIPPs are on hold with the Financial Ombudsman Service (FOS), pending the outcome of the Carey Pensions case, a solicitor has said.
APJ solicitor Glyn Taylor said the slow litigation process surrounding the Adams vs Carey Pensions case - which was heard at the High Court in London last March - meant "hundreds" of cases were on hold with the FOS, pending the outcome. A year ago, almost to the day, self-invested personal pension (SIPP) provider Carey Pensions was accused of being "in bed with scammers" at the High Court. Lorry driver Russell Adams alleged Carey Pensions mis-sold him a SIPP. He and his lawyers accused the SIPP firm of using a Spain-based unregulated introducer to facilitate investments in Store Firs...
To continue reading this article...
Join Professional Adviser for free
- Unlimited access to real-time news, industry insights and market intelligence
- Stay ahead of the curve with spotlights on emerging trends and technologies
- Receive breaking news stories straight to your inbox in the daily newsletters
- Make smart business decisions with the latest developments in regulation, investing retirement and protection
- Members-only access to the editor’s weekly Friday commentary
- Be the first to hear about our events and awards programmes