Adviser nets client £47,000 compensation for minimal claims fee

The client was a Northumberland-based bathroom fitter. He invested his £41,500 pension using an SVS Securities self-invested personal pension (SIPP). Following advice from BlueInfinitas, he used the SIPP to make high-risk investments. BlueInfinitas is now in liquidation. As an authorised firm it gave advice on transferring pensions into unregulated, high-risk SIPPs. It lost its regulatory permissions in early 2016. The company is well known to claims management companies (CMCs), and many have a dedicated BlueInfinitas page on their websites.    The client was referred to Liversidge's ...