Law firm submits 500 cases to FOS against Liberty SIPP

Represents total value of £18m

Victoria McKeever
clock • 2 min read

A firm of solicitors has issued 500 cases to the Financial Ombudsman Service (FOS) against Liberty SIPP, on behalf of clients who it said had lost money after investing with the pensions provider.

The firm, Anthony Philip James & Co (APJ), said the cases - representing a total value of £18m - related to the mis-selling of self-invested personal pensions (SIPPs). APJ alleged Liberty SIPP failed in its duty to treat customers fairly by accepting a high volume of clients who were unsuitable for SIPP investments from an unregulated introducer. The firm of solicitors said it is seeking compensation to put clients back into the position they would have been had they not moved out of their original pension schemes. The submissions, it said, follow two mis-selling claims made by APJ...

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 Regulation

FCA commits to fast authorisations to boost finance sector

FCA commits to fast authorisations to boost finance sector

The regulator’s latest business plan highlights this focus

Sahar Nazir
clock 19 March 2024 • 1 min read
FCA to invest £1.9m in supporting clients with investment decisions

FCA to invest £1.9m in supporting clients with investment decisions

The regulator’s 2024/25 business plan outlines new initiative for investment

Sahar Nazir
clock 19 March 2024 • 1 min read
FCA's Rathi: Fair value is not 'Trojan horse' for price regulation

FCA's Rathi: Fair value is not 'Trojan horse' for price regulation

'Move away from prescriptive rules, beloved of compliance consultants’

Jenna Brown
clock 14 March 2024 • 4 min read