SVS Securities was a retail-focused broker and wealth manager that mis-sold SIPP pension products to clients across the UK. SVS Securities worked with third parties to develop investment products and SIPPs, which they then promoted and sold to individuals enrolled in pension schemes. Unfortunately, a lot of these investment products were unsuitable for retail customers and should not have been sold to them. Were you sold a SIPP by SVS Securities, in which case you may have been mis-sold.
What did SVS Securities do wrong?
Unregulated investments are considered only suitable for High Net Worth Individuals. However, SVS Securities ignored this guidance – they mis-sold SIPP products to all kinds of people. Does this sound familiar?
According to the Financial Conduct Authority (FCA), SVS Securities had “questionable commission arrangements, promoted high-risk bonds to retail investors and could not explain how it valued illiquid assets.” The Financial Conduct Authority has barred SVS Securities from doing business, effectively shuttering the company.
Did you transfer your pension from a safe and stable scheme into a risky SIPP? You may be eligible for mis-sold SIPP compensation.
Are you entitled to mis-sold SIPP compensation from SVS Securities?
The Financial Conduct Authority has barred SVS Securities from trading, and they can no longer pay any returns on your investments. Thankfully, the Financial Services Compensation Scheme (FSCS) has made mis-sold SIPP compensation available for people like you.
Did you ever invest with SVS Securities or were sold one of their products by an advisor?
You could qualify for mis-sold SIPP compensation. Speak to our claims experts to find out more to see if you qualify. Apply online today for an information pack to learn more.
FSCS SVS Securities Claim
SVS 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 SVS 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.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
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.
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.
How our fees work in practice:
• 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.
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.
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: firstname.lastname@example.org; (c) by telephone: 0345 544 1563; or (d) online at https://allegiant.co.uk/legal/cancellation.
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We could still help if you don’t have all your paperwork or details. Our team are experienced in helping locate paperwork where possible.
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