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...

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

Join

 

Already a Professional Adviser member?

Login

More on Retirement

Partner Insight: The psychology of retirement

Partner Insight: The psychology of retirement

Bridging the advisers-clients gap: How emotional intelligence can help build deeper trust with clients and better understand their financial goals

James Woodfall, Raise Your El.
clock 15 September 2025 • 1 min read
Managing drawdown risk: A new frontier in retirement planning

Managing drawdown risk: A new frontier in retirement planning

'Volatility alone is no longer a sufficient risk measure'

Matthew Wright
clock 29 August 2025 • 4 min read
Sounding the alarm: Facing the retirement reality check

Sounding the alarm: Facing the retirement reality check

'At the heart of the issue is a worrying lack of engagement'

Laith Khalaf
clock 17 June 2025 • 3 min read