'Hundreds' of claims stuck with FOS as SIPP battle rumbles on

12 months since Carey Pensions case heard

Hannah Godfrey
clock • 1 min read

"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...

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