Good to know: You do not need to use a claims management company to make your complaint to your pension provider or intermediary. If your complaint is not successful you can refer it to the Financial Ombudsman Service or the Pension Ombudsman yourself for free if the firm is still trading. For eligible failed firms, you can refer a claim to the Financial Services Compensation Scheme for free.

0345 544 1563

Liberty Sipp mis-sold Sipp pension funds to thousands of British clients. They were a private limited company incorporated on 10 September 2007, but they are currently in administration and are no longer authorized to do business by the Financial Conduct Authority (FCA). Liberty is registered at Riverside House, Irwell Street in Manchester, M3 5EN.

If you didn’t understand the nature of Liberty Sipps and your advisor didn’t correctly assess your financial situation, you could be eligible for mis-sold Sipp compensation. The Financial Services Compensation Scheme (FSCS) has made funds available for Liberty’s victims.

What did Liberty SIPP Do Wrong?

Back in 2007, it seemed like Liberty Sipp was on top of the world. They were starting to grow steadily and had an increasing stable of clients. Their success increased even more after a branding campaign – Liberty sold the company to EBS Pensions Limited, which began to offer just one product: the Liberty Option Sipp. It worked – in 2017, their revenues topped £2.1 million, more than 40% over their previous year.

The Liberty Option Sipp demanded a flat annual investment of £175 plus VAT, and offered clients the chance to amend their investment portfolios whenever they wished. Thought of as a great deal, thousands of people invested in this option. However, the house of cards was soon to fall.

By 2020, the FCA began to receive a high number of complaints about Liberty’s high-risk and non-standard SIPP pension schemes. Liberty Sipp entered into administration when the Financial Ombudsman Service ruled against them. Now, more than 800 FSCS claims have been levied against them. Do you qualify to make a claim?

Are you entitled to mis-sold SIPP compensation from Liberty SIPP?

Liberty is no longer trading, and they will not repay any of the returns you are owed. If you ever invested with Liberty Sipp, you might be eligible for the FSCS’s mis-sold Sipp compensation. Thankfully, you could recoup some of what you lost.

  • Did anyone at Liberty Sipp pressure you into investing in their products, or use hard sales tactics?
  • Were the risks of pension transfer explained accurately to you, including the fact you might lose your investment money?
  • Was your financial situation accurately assessed by your advisor? Did they know about your debts, investment holdings (or lack thereof), and annual income and sell you a risky Sipp anyway?
  • Were you told that your return would depend on the performance?
  • Did you know about all of Liberty Sipp’s fees and charges?
  • Did your advisor tell you that Liberty Sipp was an unregulated investment?

If you were given flawed investment advice from Liberty SIPP you may be eligible for mis-sold Sipp compensation. Our pensions team can help you with the entire process, from start to finish. Apply online today for an information pack to learn more.

FSCS Liberty SIPP claims

Liberty SIPP 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 Liberty SIPP. Fill in our online application form to get started.

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Andy Ramsay

Pensions & Investments Claim Manager

Andy understands financial services regulations and the technical arguments required to make a successful claim.

In his career he has successfully dealt with an array of claims such as pension transfers and switches, SIPP and endowment claims.

Andy was part of the “Pension Review” and Customer Liaison Departments for Royal Sun Alliance. Unhappy with how consumers were being treated, he realigned himself and has been representing consumers since 2004, ensuring fair and equitable treatment for consumers.

Contact Andy

Insights from Our Pensions Team

Expert Insight: The Importance of Choosing the Right Pathway for Your Claim: CMCs and Law Firms Compared.

In this article, Allegiant’s Pensions & Investments Manager, Andy Ramsay, explores the fundamental differences between between the Court and Ombudsman routes for resolving pension & investment claims. The article highlights key differences in:-

  • costs consequences and funding arrangements
  •  the differing basis of assessment that a Court will deploy when compared to an Ombudsman
  •  the potential need for claimants to attend a hearing in Court

Andy further explores out-dated preconceptions about Claims Management Companies. This short summary is essential reading for anyone planning on making a pension or investment claim with the assistance of a CMC or law firm.

Click to Read

Learn With Allegiant: The Financial Services Compensation Scheme (FSCS) In A Nutshell

You may have heard of the Financial Services Compensation Scheme (FSCS), but do you fully understand its vital role within the UK’s financial services sector? In this short piece, we look at:-

  • The type of claims FSCS covers (and those it doesn’t).
  • How and when it can help
  • The FSCS claims process

This article will be of particular interest to anyone with a potential compensation claim against a financial service provider that has collapsed.

Click to Read

Learn With Allegiant: What is a SIPP?

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

Our Mis-sold Pensions Claim Procedure

  • Step 1

    Pre complaint investigation and analysis. No paperwork? Don't Worry! We could still help.

  • Step 2

    Once we've assessed claim prospects, we make a pension complaint to the Ombudsman or FSCS, where appropriate

  • Step 3

    Pension complaint response received. We'll carefully analyse the response and advise you on how to proceed.

  • Step 4

    If appropriate resolution cannot be reached with a live firm, and we disagree with their stance, we will refer the claim to Ombudsman on your instruction.

Why Pay More? How Our Fees Compare.

Allegiant always aligns great value with exceptional service. This winning formula has seen us emerge as one of the UK’s pre-eminent Claims Management Companies in recent years. See why Allegiant is a great choice below. *All information correct as at 28 August 2021.

Company Name
Advertised Fees
Example fee - £10,000 win
Additional Cost Compared to Alllegiant
Source
25% Plus VAT. Cancellation Charges Apply After 14 Day Cooling Off Period.
£2,500
N/A
https://allegiant.co.ukcompliance/terms-of-engagement/pic/
38% inclusive of VAT. Cancellation Charges Apply After 14 Day Cooling Off Period.
£3,800
£304
https://www.consumersavingsnetwork.co.uk/investment-claim-terms-conditions/
48% No Win No Fee inclusive of VAT. Cancellation Charges Apply After 14 Day Cooling Off Period.
£4,800
£864
https://goodwinbarrett.co.uk/terms-and-conditions-mis-sold-pension
25% Plus VAT. Cancellation Charges Apply After 14 Day Cooling Off Period.
£2,500
N/A
https://allegiant.co.ukcompliance/terms-of-engagement/pic/
38% inclusive of VAT. Cancellation Charges Apply After 14 Day Cooling Off Period.
£3,800
£304
https://www.consumersavingsnetwork.co.uk/investment-claim-terms-conditions/
48% No Win No Fee inclusive of VAT. Cancellation Charges Apply After 14 Day Cooling Off Period.
£4,800
£864
https://goodwinbarrett.co.uk/terms-and-conditions-mis-sold-pension

Our Fees - What You Need To Know

Worked Fee Example

How our fees work in practice:

• Compensation is £1,000, the fee is £250 plus VAT £50. This means the amount payable to us is £300 leaving you with the benefit of £700.
• Compensation is £3,000, the fee is £750 plus VAT £150. This means the amount payable to us is £900 leaving you with the benefit of £2,100.
• Compensation is £10,000, the fee is £2,500 plus VAT £500. This means that the amount payable to us is £3,000 leaving you with the benefit of £7,000.

NB. It is possible that our fee may become payable before you have access to your pension or investment which may result in you having to pay our fee from your own funds.

Cancellation Rights (Pension Claims)

You can cancel for free at any time within 14-days without giving any reason and without incurring any liability. You can communicate your cancellation by telephone, post, email or online.

You can cancel this agreement at any time after the 14-day cancellation period. However, if a complaint submitted by us is successful, the Success Fee will apply in the usual way.

You can cancel by post: Allegiant Finance Services Limited, Freepost RTYU–XUTZ–YKJC, 400 Chadwick House, Warrington Road, Birchwood Park, Warrington, WA3 6AE; (b) by email: helpdesk@allegiant-finance.co.uk; (c) by telephone: 0345 544 1563; or (d) online at https://allegiant.co.uklegal/cancellation.

Looking for Claim Representation? Why Allegiant is a Great Choice for Pension Claims Assistance

Human

Our small, dedicated pensions team provide a personal touch

Trustworthy

We’ll treat your claim as strictly confidential. Your personal information is safe with us.

Longstanding

We’ve serviced over 100,000 clients across all service lines since our inception in 2010.

Fair Fees

Our fees compare favourably to competitors. We actively encourage you to shop around.

No Paperwork? Don't Worry!

We could still help if you don’t have all your paperwork or details. Our team are experienced in helping locate paperwork where possible.

Technologically Driven

Our online application system and claim audit surveys enable us to offer an efficient and convenient claims journey.

Claiming for Free Yourself

Good to know: You do not need to use a claims management company to make your complaint to your pension provider or intermediary. If your complaint is not successful you can refer it to the Financial Ombudsman Service or the Pension Ombudsman yourself for free if the firm is still trading. For eligible failed firms, you can refer a claim to the Financial Services Compensation Scheme for free.