Reyker Securities was a Discretionary Fund Management (DFM) company that mis-sold SIPP pension products to many clients across the UK. Did Reyker Securities convince you to invest in unregulated, risky funds as a part of your pension transfer? If so, you may qualify for mis-sold SIPP compensation.
What Happened with Reyker Securities?
Reyker Securities Pension Investments is now in a Special Administration process led by the Financial Conduct Authority (FCA) regulators. This is in contrast to normal administration, in which professional insolvency practitioners try to save the business and/or pay creditors as much as is possible. Reyker is no longer able to pay back any investors or creditors.
DFMs build investment portfolios and encourage clients to invest in them. Reyker’s portfolios included high-risk investments, making them unsuitable for most people. Were you mis-sold SIPP pension products by Reyker Securities? If so, you can take action.
Did you ever invest with Reyker Securities? If you were a client of Reyker Securities and they encouraged you to buy their DFM portfolios, you may have been mis-sold SIPP pension products. If you are not a High Net Worth Individual (making more than £100K per year and/or with £250K in assets), they should have never recommended DFM products to you.
Reyker is no longer trading, and they cannot repay any returns on your investments. However, the Financial Services Compensation Scheme (FSCS) has made mis-sold SIPP compensation available to people who invested with Reyker. Do you qualify for these payments?
Our expert team can look over your claim and determine if you were mis-sold SIPP investments, and help you apply for mis-sold SIPP compensation. Apply online today for an information pack to learn more.
FSCS Reyker Securities Claim
Reyker Securities 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 Reyker Securities. 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.