Greyfriars SIPP

It is important to note that not all SIPPs are mis-sold. If you are unsure if you were mis-sold a SIPP then check out the common mis-selling features below.

It is likely that you were mis-sold a SIPP if you:

Greyfriars was a company established in 2003 which offered a number of financial services including the discretionary management of Self Invested Personal Pensions – which is often referred to as a ‘SIPP’.

In March 2018 the company went into liquidation following complaints raised by many of its customers who had been advised by financial advisors to transfer their pension funds into the Greyfriars SIPP.

Unfortunately, many of Greyfriars customers lost substantial amounts of money as a consequence of transferring their pensions because the funds that Greyfriars managed eventually became insolvent.

The industry lifeboat scheme: The Financial Services Compensation Scheme (‘FSCS’) began accepting claims against Greyfriars in February 2019 in respect of their discretionary fund management activities and it may also be possible to pursue claims against any financial advisor that persuaded you to transfer your pension into the SIPP.

1. Were you advised to transfer your pension into the Greyfriars SIPP?
2. Was the investment advertised as low risk?
3. Were you promised returns that never materialised?

If you have answered yes to any the above questions, please contact Oakwood Solicitors urgently as we may be able to help!

Contact Oakwood Solicitors free of charge today.

We will assess your case over the phone and provide you with an immediate decision on whether we can assist you in making a claim.

If you received advice to transfer your pension into an investment which has lost money then you are likely to have a viable claim.

We will complete a free review of your case to advise if it is something we can assist with. If we can assist we will offer a no-win, no-fee agreement.

Pensions are complex. To be able to identify a problem with your pension, first of all you have to know what you are looking for. Once you have identified the issue, you then need to be able to articulate the problem with reference to any legal or regulatory frameworks.

By using a solicitor who is a specialist in pension mis-selling you will ensure that you put your best case forward and maximise your chance of success.

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.

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 are a Regulated firm of Solicitors, with over 15 years’ experience in financial mis-selling claims.
• We have successfully recovered in excess of £1.5 Million for our clients in the last 12 months.
• We operate on a guaranteed No-Win, No-Fee basis
• Our charges are some of the lowest in the market
• 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.
• You will be allocated your own experienced claims handler who will keep you fully informed throughout the whole process.

Self Investment Personal Pensions or SIPPs, as they are more commonly known, are ‘do-it-yourself’ pensions that are designed for experienced or sophisticated investors who want greater control over their pension and a greater degree of flexibility in the types of investments that their pension makes.

There are a number of features that can impact how long a claim may take to conclude. These may include the complexity of the case, whether the claim is against an active adviser who disputes liability and whether the claim has to be pursued through the Courts or through the Financial Ombudsman Service (‘FOS’) or Financial Services Compensation Scheme (‘FSCS’).

As Greyfriars and many of the financial advisors linked to the firm have been declared in default, claims can now be pursued through the FSCS directly.

The FSCS claims process is relatively straightforward and we would generally expect the case to be concluded within 6 months.

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.

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

In addition, you may also be able to recover the charges that Berkeley Burke and/or your financial advisor deducted from your account.

By way of illustration, if you lost £10,000 then you will receive £10,000* in compensation. (*minus Oakwood Solicitors Ltd‘s fees)