Montpelier Pension Administration Services Limited was a financial advisory company that mis-sold SIPP pension products to hundreds of British clients. They advised their clients to transfer their retirement savings from reliable and established pension schemes into risky, unregulated SIPPs. As a result, people lost their savings and were left in financial ruin. Did this happen to you?
Montpelier Pension Administration is technically still active, but there is an active proposal to strike them off the companies register. Were you targeted by an advisor at Montpelier? Were you mis-sold SIPP pension products by Montpelier Pension Administration? If so, you might be eligible for mis-sold SIPP compensation, now made available by the Financial Services Compensation Scheme (FSCS).
What Happened with Montpelier Pension Administration?
The Financial Conduct Authority (FCA) and FSCS declared Montpelier to be in default in January 2018. Their SIPP funds contained unregulated investments in oil fields, offshore property, and storage pods, a common investment in these risky SIPPs. The FSCS ruled that Montpelier failed to perform due diligence, and caused hundreds of people like you to lose their retirement savings.
If you were sold a SIPP by Montpelier Pension Administration at any point in the past, you need to look over your past transactions. While you may have been mis-sold SIPP pension products, you could still recoup some of the money you lost.
Are you entitled to mis-sold SIPP compensation from Montpelier Pension Administration?
Did you ever work with Montpelier Pension Administration? If you were a client of this dissolved company, you may be entitled to mis-sold SIPP compensation. Montpelier Pension Administration is no longer trading, and can no longer offer returns on your investments. However, the government has made mis-sold SIPP compensation available for people like you. Do you qualify?
Our expert claims team is on hand to look over your specific case. They can assess your past dealings with Montpelier Pension Administration and determine if you were mis-sold sipp pension products. If so, you can apply for the FSCS’s mis-sold SIPP compensation. Apply online today for an information pack to learn more.
FSCS Montpelier Pension Administration Claim
Montpelier Pension Administration 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 Montpelier Pension Administration. 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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Pre complaint investigation and analysis. No paperwork? Don't Worry! We could still help.
Once we've assessed claim prospects, we make a pension complaint to the Ombudsman or FSCS, where appropriate
Pension complaint response received. We'll carefully analyse the response and advise you on how to proceed.
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.
As of the 1st March 2022 we have implemented a new fee structure which we have explained below. If you signed your contract with us prior to the 1st March 2022, please refer to your signed claims pack for our previous fee terms.
Our fees are owed upon a successful claim and will depend on the Gross Compensation you receive. “Gross Compensation” means the amount awarded to you whether this is paid directly to you or paid into an investment or pension, and prior to any deduction of any income tax due to HMRC on your award. Please refer to the definition of “Gross Compensation” and Section 5 of our Terms of Engagement for further information including a table showing how our fees work in different scenarios.
If successful, your fee will be calculated based on which band your redress falls into and will be charged by whichever is the lowest of:
The below table outlines the redress bands, the maximum percentage rate of charge and the maximum total charge is for each band.
|Band||Redress||% Charge (with VAT)||Maximum charge (with VAT) (£)||Maximum charge (without VAT) |(£)|
|1||1 – 1499||36%||504||420|
|2||1,500 – 9,999||33.6%||3000||2500|
|3||10,000 – 24,999||30%||6000||5000|
|4||25,000 – 49,999||24%||9000||7500|
Examples of how this would work in practice:
|Band||Lower example||Higher example|
|1||You receive £100 in redress; our fee would be £36.||You receive £1499 in redress; our fee would be £504.|
|2||You receive £1,600 in redress; our fee would be £537.60.||You receive £9,999 in redress; our fee would be £3,000.|
|3||You receive £12,000 in redress; our fee would be £3,600.||You receive £24,999 in redress; our fee would be £6,000.|
|4||You receive £30,350 in redress; our fee would be £7,284.||You receive £49,999 in redress; our fee would be £9,000.|
|5||You receive £55,000 in redress; our fee would be £9,900.||You receive £100,000 in redress; our fee would be £12,000.|
Please note, the above fee examples are for illustration purposes only. They are not an estimate of the likely outcome or fee you will need to pay. Each claim depends on its own merits.
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
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: [email protected]; (c) by telephone: 0345 544 1563; or (d) online at https://allegiant.co.uk/compliance/cancellation.
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We’ll treat your claim as strictly confidential. Your personal information is safe with us.
We’ve serviced over 100,000 clients across all service lines since our inception in 2010.
We could still help if you don’t have all your paperwork or details. Our team are experienced in helping locate paperwork where possible.
Our online application system and claim audit surveys enable us to offer an efficient and convenient claims journey.