BlueInfinitas was a group of independent financial advisors based in Leicestershire from 2014, before changing their name to Elsborough Financial Services. They mis-sold SIPP pension funds to British people and didn’t pay any of the compensation they owed. While BlueInfinitas is technically still active, Elsborough Financial Services is officially dissolved. Are you owed mis-sold SIPP compensation from BlueInfinitas or Elsborough?
What did BlueInfinitas do wrong?
The advisors at BlueInfinitas mis-sold Sipp pension products by advising their clients to invest in high-risk investments. In 2016, the Financial Ombudsman Service reported that they had adjudicated on two complaints against BlueInfinitas.
In one case, the BlueInfinitas team advised a client to transfer £64,000 into a SIPP. They invested £33,000 of his money into Windermere Hydro Hotel, an unregulated property investment. Another client was advised to transfer £57,000 into a SIPP, and an additional £29,000 into an unregulated property fund. The Ombudsman upheld both of the complaints.
BlueInfinitas changed details in order to trade under a different name and moved its business address to Sleaford, Lincolnshire. The new name was Elsborough Financial Services, which was used from September 2011 to March 2015. The company is now officially dissolved.
BlueInfinitas was profiled in a Financial Times article on 24 August 2016. According to the Financial Services Compensation Scheme (FSCS), more than 400 claims were launched when BlueInfinitas was declared to be in default in 2015.
Are you entitled to mis-sold SIPP compensation from BlueInfinitas
Did you invest any of your pension funds with BlueInfinitas? BlueInfinitas is now officially dissolved, and they can no longer pay out any returns. However, the Financial Services Compensation Scheme has made £120 million available to help people like you. If a BlueInfinitas advisor convinced you to put your pension money into their investments, only for that investment to fail, you might qualify for mis-sold SIPP compensation.
Our claims experts can advise on whether you could qualify for mis-sold SIPP compensation. Apply online today for an information pack to learn more.
FSCS BlueInfinitas Claim
BlueInfinitas 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 BlueInfinitas. 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.