Guinness Mahon

Have you been mis-sold
a SIPP?

Solicitors firm with over 20 years’ experience in
financial mis-selling claims
No-Win, No-Fee
No upfront cost
£15 million recovered for clients since 2019
Free initial consultation

Get in touch

0113 200 9720 Phone

enquiries@oakwoodsolicitors.co.uk Email

Testimonials

Well done, Financial Litigation Department 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

After trying to fight this case myself for years, I put my trust into Oakwood Solicitors, who kept me informed every step of the way and managed to get me compensation for the pension which was stolen. They managed to get back almost all that I lost.

Paul Connor-West

Once again I have received excellent service from Oakwood Solicitors in dealing with my mis-sold pension claim. Without the help of the team, I would've not been able to recover £50,000. Excellent work! Thank you once again.

P. Jones

I had the best experience from Oakwood Solicitors where they helped me get big compensation from FSCS. Not only that, just within 4 days' time of literally submitting the claim, I received the amount in my account.

N. Shah

£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

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.

What went wrong for Guinness Mahon?

Guinness Mahon Trust Corporation Limited (Guinness Mahon) went into administration in February 2020.

Guinness Mahon failed in its due diligence and accepted business from unregulated introducers. It also failed to ensure the suitability of a SIPP for unsophisticated investors and invested funds into various high risk, unregulated investments.

Individuals were often cold called by unregulated introducers and offered a free pension review.

They were then incorrectly informed their current investments were performing badly or poor value.

After transferring the funds into Guinness Mahon client money was invested in a variety of illiquid and unregulated investments.

What are my options?

If you received advice from Guinness Mahon 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?

We are a Regulated firm of Solicitors with over 15 years’ experience in financial mis-selling claims

We have successfully recovered in excess of £1.6 Million in the last 12 months

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 pension claims handler who will keep you fully informed throughout the whole process

Frequently Asked Questions

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:

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

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

Were cold called by a 3rd party company

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

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

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

How long does a claim take?

As the claim is being made against the FSCS then we would expect the claim to be concluded within 6 months.

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 settlement, you will not be charged.

How much compensation will I receive?

We cannot provide an exact figure for how much compensation you will receive until we understand more about your claim.

The general purpose of a claim is to put you back in the position you would have been in, had you not received the negligent pension advice.

As your claim will probably be against the FSCS then the compensation cap is £85,000.00 per person, per advisor.

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:

0113 200 9720

enquiries@oakwoodsolicitors.co.uk

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.

Danielle is a specialist in financial mis-selling matters with a particular interest in pensions and investments.