Guinness Mahon Trust Corporation was a self-invested personal pension provider who mis-sold SIPP pension products to clients across the UK. If you transferred your retirement savings from a safe scheme to an unregulated Guinness Mahon SIPP, you might have been mis-sold SIPP funds. Keep reading to learn more.
Did you invest with Guinness Mahon Trust Corporation and lose some or all of your hard-earned retirement savings? You could recoup some of your lost money.
The Financial Services Compensation Scheme (FSCS) has made mis-sold SIPP compensation available for people like you. Do you qualify?
The FSCS has received more than 1,000 claims against their SIPP subsidiary, the Guinness Mahon Trust Corporation. For some people, SIPPs can be a smart choice, but Guinness Mahon Trust Corporation included some very high-risk investments into their products. These SIPPs were only appropriate for High Net Worth Individuals, but they were sold to average people like you.
In 2016, they became embroiled in the mis-sold SIPP scandal owing to their dealings with BankHouse, Financial Page, and Henderson Carter. By 2018, they were facing their own charges for bringing in unregulated investments in order to generate more business. By February 2020, the Guinness Mahon Trust Corporation officially went into administration. In May 2020, it was estimated that they could face up to £8.5 million in liabilities.
The FSCS is now offering clients mis-sold SIPP compensation for people who were misled into this investment.
Are you entitled to mis-sold SIPP compensation from Guinness Mahon Trust Corporation?
Did you ever invest withThe Guinness Mahon Trust Corporation Limited? This company is now in administration, and cannot pay you any returns on investment. However, you may be eligible for mis-sold SIPP compensation made available by the Financial Services Compensation Scheme (FSCS).
If you were ever pressured or misled into moving your retirement savings from a stable scheme into a risky SIPP with Guinness Mahon Trust Corporation, you might have been mis-sold SIPP products. Our claims experts can assess your case and help you determine your eligibility. Apply online today for an information pack to learn more.
FSCS Guinness Mahon Trust Corporation Claim
Guinness Mahon Trust Corporation 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 Guinness Mahon Trust Corporation. 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.Apply Now
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The Financial Conduct Authority (FCA) has identified ‘serious and ongoing failings’ by both Individual Financial Advisers (IFAs) and Self-Invested Personal Pension Providers. Typically, mis-selling is related to the “wrong” type of investor being given poor or misleading advice as to what investments were relatively safe and right for them. In this summary, we look at What a SIPP is, and how they have been mis-sold, together with the FCA’s review into sector malpractice.Click to Read
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• Compensation is £1,000, the fee is £150 plus VAT £30. This means the amount payable to us is £180 leaving you with the benefit of £820.
• Compensation is £3,000, the fee is £450 plus VAT £90. This means the amount payable to us is £540 leaving you with the benefit of £2,460.
• Compensation is £10,000, the fee is £1,500 plus VAT £300. This means that the amount payable to us is £1,800 leaving you with the benefit of £8,200.
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