SIPP investor Adams wins Court of Appeal battle against Carey Pensions

Lord Justice Newey, Lady Justice Rose and Lady Justice Andrews found Adams was unauthorisedly advised by CLP Brokers (CLP), an unregulated introducer based in Spain. Because the SIPP was entered into as a consequence of CLP's contraventions of the general prohibition, the agreement is "unenforceable against Adams", who is entitled to unwind it and recover the money he paid into it. He is also entitled to compensation to reflect the losses he has suffered. In May 2020, Carey Pensions won in the High Court against former client Adams, with Adams' claims dismissed on all grounds. During ...