Judge sides with SIPP provider Carey Pensions in long-awaited landmark case

More than two years for decision

Hannah Godfrey
clock • 3 min read

Carey Pensions has won an ongoing legal battle against former client Russell Adams, with Adams' claims dismissed on all grounds.

The judgment was handed down on Monday morning (18 May) and related to a claim by Adams against Carey Pensions for loss of value on an investment that was held within a self-invested personal pension (SIPP). The case was heard in March 2018 and the result has been keenly awaited because it will now give clarity on the duty and obligations of SIPP providers. However, Adams still has the option to try and appeal the decision. Christine Hallett, managing director of Carey, which has since been rebranded as Options Pensions, said: "We acknowledge this isn't the outcome the client was look...

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