Curtis Banks is a massive UK SIPP provider, with more than £12 billion in assets. Though the company is still trading, they are embroiled in a number of mis-sold SIPP claims. Have you ever invested with Curtis Banks? Did one of their advisors convince you to move your retirement savings from a safe and reliable pension scheme into an unregulated SIPP? You may have been mis-sold SIPP pension products – you can recoup your money.
In the past, the company has also been known as Curtis Banks PLC (from 25 Mar 2009 to 17 Jul 2013) and Banks Pensions PLC ( from 26 Nov 2008 to 25 Mar 2009).
What Happened With Curtis Banks?
Curtis Banks is one of the largest providers of SIPP providers in the United Kingdom. With assets totaling more than £12 Billion, it makes sense that plenty of clients were interested in investing with them. Clients assumed that their retirement savings were safe with a trusted name like Curtis Banks, but this was not the case.
Some of Curtis Banks’ SIPP packages included high-risk investments unregulated by the Financial Conduct Authority. They also sold risky SIPPs acquired from Pointon York after that firm was forced to go into administration. As a result, their clients lost a lot of money.
If you ever invested in a Curtis Banks SIPP, you could be eligible for mis-sold SIPP compensation. These SIPPs are no longer in existence, but you could still get some of your money back.
Our friendly team of SIPP claims experts is on hand to have a look at your case and determine if you were mis-sold SIPP products. If you were ever misled and told to remove your retirement savings from a secure scheme and reinvest into a risky SIPP, you likely qualify. Apply online today for an information pack to learn more.
FSCS Curtis Banks Claim
Curtis Banks has been declared in default by the Financial Services Compensation Scheme. This means that the UK’s compensation scheme for failed financial services firms will pay compensation for valid mis-selling claims. Allegiant can assist you with claims to the FSCS about Curtis Banks. Fill in our online application form to get started.
You do not need to use a claims management firm to make your claim and if your complaint is not successful you can refer it to the Financial Ombudsman Service or in the case of a failed firm, the Financial Services Compensation Scheme, for free.