The Court of Appeal's ruling in the long-running Carey Pensions SIPP case is of "profound importance" to the wider industry and its full implications will emerge in the coming weeks, industry commentators have said.
On Thursday (1 April), the Court of Appeal ruled in favour of Russell Adams and against the SIPP operator in their long-running legal dispute. Today's ruling reverses the position taken by High Court judges last year. Martin Kaye solicitor Tobias Haynes said the Court of Appeal's decision to rule against the self-invested personal pension (SIPP) operator Options Personal Pensions, formerly Carey Pensions, was extremely important and made clear responsibility lays firmly with providers. He said: "The ruling is a welcome decision which provides much-needed clarity, particularly as the...
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