Oakwood Solicitors

Greyfriars SIPP

Have you lost money with Greyfriars SIPP?

  • Solicitors firm with over 15 years’ experience in
    financial mis-selling claims
  • No-Win, No-Fee
  • No upfront cost
  • We charge only 30% +VAT for a successful claim
  • £1.6 million recovered for clients in the last 12 months
  • Free initial consultation

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0113 218 5700

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Testimonials

Financial claim

Easily approachable and thoroughly professional helping me from the beginning to the end. I received a successful outcome with prompt payment. A top team I can easily recommend.

- Dr. Shankar

Never thought I would see a penny.

Oakwood proved me wrong. Easy to talk to. Professional service, always updating throughout the process. No hesitations in recommending your services. Thank you.

- A. Patel

Thanks for your help!

I was contacted by the Financial Litigation Department - They successfully made a £33,000 Investment Claim. Junaid was my contact there and he was excellent throughout the process which was quicker than expected. Highly recommended.

- A. Johnston

£50,000 Investment Claim

Super-efficient and super effective. Handled my claim speedily and extremely professionally and I wouldn't hesitate to recommend them to any of my own clients.

- A. Marlow

calendar money

£1.6 million

recovered by Oakwood Solicitors for clients in the last 12 months.

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£26 billion

has been paid out by the FSCS to customers of failed financial firms

suitcase briefcase coins money

£213 million

has been set aside by the FSCS for pension claims in 2020/2021

The experts in Financial Litigation claims

Oakwood Solicitors Ltd specialises in Financial mis-selling claims. We have a Financial Litigation team dedicated to assisting clients who have lost money as a consequence of negligent advice in relation to a financial product, such as a pension or an investment.

How do I know if I’ve been mis-sold a 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:

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Were not given the full cost breakdown for management fees or additional costs attached to the investment

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Invested without fully receiving an explanation of the risks including the potential to lose your pension

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Were cold called by a 3rd party company

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Had been told your investment would grow considerably and would provide a large return

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Were pressured into acting quickly or because you were told you would risk losing out

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Were told that you could take a large lump sum of cash out of your pension or access the pension before your retirement age

What went wrong with Greyfriars SIPP?

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.

Have you been affected?

  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!

What should you do if you received advice to invest your pension into the Greyfriars SIPP?

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.

What are my options?

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.

Why should I use a solicitor?

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.

Why choose Oakwood Solicitors Ltd?

  • 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.
Frequently Asked Questions

What is a SIPP?

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.

How long does a claim take?

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.

If we successfully recover compensation, then our charges are 30% plus VAT of any compensation payment.

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

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 settlement, you will not be charged.

If we successfully recover compensation, then our charges are 30% plus VAT of any compensation payment.

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

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.

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 of 30% plus VAT)

What do I do now?

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:

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Danielle Lightfoot — Solicitor and Head of Department

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.

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