Liberty SIPP facing fresh legal claims over unregulated investments

700 potential claimants

Hannah Godfrey
clock • 3 min read

A firm of solicitors has issued more than 30 claims to the courts against Liberty SIPP relating to underlying unregulated investments.

The firm, Anthony Philip James & Co (APJ), will seek to consolidate the claims against Liberty Sipp, alleging the pensions provider is responsible for the mis-selling of Sipps between 2011 and 2013. The claimants' Sipps were invested into a range of schemes, including 'ethical forestry' and 'global', following introductions from unregulated introducer Avacade, which is now the subject of a criminal investigation by the Serious Fraud Office, and is facing legal action from the Financial Conduct Authority. A solicitor at the firm told Professional Adviser it planned to serve legal paper...

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 Pensions

SSAS and the general levy: A victory for common sense

SSAS and the general levy: A victory for common sense

The value of SSASs after general levy consultation outcome

Caitlin Southall
clock 26 March 2024 • 5 min read
Pension dashboard operators join forces to push project forward

Pension dashboard operators join forces to push project forward

Coalition aims to bring 'dashboards to consumers as early as possible'

Jasmine Urquhart
clock 25 March 2024 • 2 min read
Conservative manifesto to include state pension triple lock pledge

Conservative manifesto to include state pension triple lock pledge

Tories will keep triple lock in place if party stays in government

Jenna Brown
clock 25 March 2024 • 1 min read