£15 million
recovered by Oakwood Solicitors for clients since 2019
£26.5 billion
paid out by the FSCS to 6.5 million customers of failed financial firms
£471 million
in compensation claims estimated by the FSCS in 2023/2024
Gaudi Regulated Services Limited has been declared in default by the Financial Service Compensation Scheme (FSCS) after entering into administration.
The FSCS pays compensation when a financial company has gone under and is unable to pay compensation for mis-selling and unsuitable advice.
If you transferred your pension to Gaudi, you may be entitled to compensation.
What went wrong with Gaudi?
Gaudi Regulated Services Limited (also known as Gaudi SIPP or Easy SIPP) were a SIPP provider who facilitated investments into some high-risk and unregulated investment.
Many of their clients have lost all their pension and/or are unable to withdraw benefits.
Many people transferred their personal pension after receiving cold calls from companies offering free pensions review. They were advised their existing personal pensions were under performing and that they could achieve a better rate of return if they consolidated these pensions and transferred them into a SIPP with Gaudi.
After transferring to Gaudi, Clients were required to sign many waivers and advised to invest into high-risk and speculative investments in new companies without trading history.
Learn more about the situation regarding Gaudi in our more detailed article, here.
Have you been affected?
The FSCS is working together with the joint administrators and investigate whether there are any claims that qualify for compensation.
If the FSCS identifies any claims eligible under their rules, customers will be entitled to apply for compensation up to the limit of £85,000 per person even if you have already received compensation from a claim against other party.
What should I do if I transferred my pension into Gaudi?
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.
How long does a claim take?
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.
How much will a claim cost?
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 mis-sold pension settlement, you will not be charged.
How much compensation will I receive?
If you have a viable claim, then you will be able to recover compensation equivalent to the losses that you suffered. The amount you may be entitled is subject to different factors, such as you having received compensation from a previous claim.
Why should I use a Solicitor from Oakwood Solicitors Ltd?
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 millions for our clients.
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.
Please note you don’t need to instruct a solicitor to make a claim against the Financial Services Compensation Scheme.
Provide us with some information about your pension transfer and we will advise you if you have a viable claim. There is absolutely no obligation to proceed. You can provide information or get in touch by:
Danielle joined the firm as a Paralegal in 2011 and qualified as a solicitor in October 2014. She has acquired extensive experience in high value, complex litigation traversing numerous practice areas.
Danielle is a specialist in financial mis-selling matters with a particular interest in pensions and investments.
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