Just Loans Group PLC

St Paul’s Marketing Limited was authorised to carry out financial activities under the umbrella of Alexander David Securities Limited (“ADSL”) and City One Securities Limited (“City One”).

This means that any liability of St Paul’s is ADSL and City One responsibility.

Investors invested into Just Loans Debenture Bonds after being cold called by a representative of St Paul’s Marketing limited who advised to transfer their private pension into a SIPP.

Just Loans Debentures Bonds was a high-risk investment into a niche market and non-suitable for average consumer to invest all their pension. Debentures Bonds are unsecure by nature and subject to the performance of the company who issued the debenture.

The Financial Ombudsman Service (FOS) have found in favour of several consumers. FOS have concluded that the advice given by St Paul’s Marketing Limited was unsuitable for the consumer circumstances.

Many consumers wouldn’t have transferred their pension to a SIPP to subsequently invest into Just Loans if they had been made aware of the risk associated to the investment.

for more in-deoth information about Just Loans Group PLC, read our article here.

The FSCS is investigating whether ADSL and City One (as principal firms of St Paul’s Marketing) are responsible for the unsuitable advice received by investors that has led to leave the consumers out of pocket and loss all their pensions savings.

The FSCS are working closely with the joint administrators and investigate whether there are any claims that qualify for compensation.

If the FSCS identify any claims eligible under their rules, customers will be entitled to apply for compensation up to the limit of £85,000 per person.

Contact Oakwood Solicitors free of charge today. We will assess your claim over the phone and provide you with an immediate decision on whether we can assist you in making a claim.

There are a number of features that will impact how long a claim may take to conclude. These include the complexity of the case and the parties involved.

As each case is unique, it is difficult to provide a generic timeframe for conclusion of the claim however Oakwood Solicitors will give you an indication of how long your claim is likely to take to conclude as part of our initial review.

We operate on a Damages Based Agreement (DBA) more commonly known as a ‘no-win, no-fee’ agreement. If we fail to secure you a settlement, you will not be charged. If we successfully recover compensation, then our charges are 30% incl VAT of any compensation payment.

These charges will be deducted from the compensation payment at the end of the claim process.

If you have a viable claim, then you will be able to recover compensation equivalent to the losses that you suffered.

FSCS current approach is to put you in the position you had been if you hadn’t transferred your pension on St Paul’s Marketing advice. FSCS will calculate what would be the value of your former pension if you hadn’t transferred this on the advice of St Paul’s.

The value may change depending on whether you transferred a personal pension or a final salary pension.

We are a Regulated firm of Solicitors, with over 15 years’ experience in financial mis-selling claims. By using a solicitor who is a specialist in financial mis-selling claims you will ensure that you put your best case forward and maximise your chance of success.

You will be allocated your own experienced investment claims handler who will keep you fully informed throughout the whole process.

We take the hassle out of the claims process as we do all the hard work for you. We will complete all the necessary paperwork and obtain all the required documentation to support your claim.

We have seen numerous cases in the past where mis-selling victims have pursued a legitimate claim themselves, only to have it turned down due to a technicality or because key grounds have not been particularised.

We have successfully recovered in excess of £5 Million for our clients in the last 12 months.

You have a higher chance of success by working with a Solicitor, who will ensure that there are no technical grounds for turning down your claim and put you in the best possible position to receive what you are owed.

We operate on a guaranteed No-Win, No-Fee If successful we charge 30% including VAT of the award of compensation. Our charges are some of the lowest in the market when compared with other Solicitors and Claims Management Companies (CMCs).