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Oakwood Solicitors
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Oakwood Solicitors

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    Hennessey Jones

    Have you been mis-sold
    a SIPP?

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

    Testimonials

    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

    One of the most professional solicitors I have come across in the recent past. Oakwood Solicitors handled everything with absolute ease, and I received the sum in less than 2 weeks since I submitted the form. A very pleasant experience. Thanks.

    V. Gatne

    Both professional and efficient and swift with their actions, such that I received a letter from FSCS approving all of the funds to be returned to me. This happened quickly and I am enormously appreciative of their highly competent and courteous actions.

    D. Wilson

    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

    calendar money

    £15 million

    recovered by Oakwood Solicitors for clients since 2019

    hand coins money

    £26.5 billion

    paid out by the FSCS to 6.5 million customers of failed financial firms

    suitcase briefcase coins money

    £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 Hennessey Jones?

    Hennessey Jones was an appointed representative and lead generator for Financial Page Ltd and Henderson Carter Associates. Both firms are now in liquidation following investigations and fines of over £1million by the regulator.

    When the Financial Conduct Authority (FCA) conducted its investigation in to the two companies above it advised them both to cease their activities with Hennessey Jones.

    According to the FCA register note for Financial Page the firm must ‘terminate any and all relevant business activities such that Hennessy Jones may not act as an introducer or representative of the firm’.

    On Henderson Carter Associates, the note says the firms must ‘terminate any and all relationships with Hennessy Jones, such that it may not perform any activities on behalf of the firm’.

    The FCA said it has become concerned over the firm’s ‘adequacy of pension advice, including, but not limited to its relationship with Hennessy Jones Limited’.

    What are my options?

    If you are concerned that you may have been mis-sold an investment held within your pension, then do not panic. It may be possible to pursue a compensation claim against the IFA involved in the investment or the provider of your SIPP.

    The first step should be to contact a specialist firm like Oakwood Solicitors who will investigate your pension FREE OF CHARGE and advise you if you have a claim. If you have a claim then Oakwood Solicitors will handle the whole claims process for you and will offer advice, support, and guidance every step of the way.

    Oakwood Solicitors will act on your behalf on a ‘no-win, no-fee’ basis, giving you complete peace of mind that you will only pay a fee if your claim is successful.

    If after investigating your pension we confirm that there is no loss, then you will have the reassurance that your pension is safe and secure and will have obtained this reassurance completely free of charge.

    If you prefer, you can raise an initial complaint with the IFA or SIPP provider yourself but many people prefer to instruct a specialist firm with experience of handling SIPP complaints to ensure they achieve the best possible outcome in the shortest timeframe.

    If the adviser who sold you the investment is no longer trading or does not have the financial means to pay you compensation then the Financial Services Compensation Scheme (‘FSCS’) assumes responsibility for the adviser and will be responsible for the payment of compensation.

    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:

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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

    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 is against the FSCS then the compensation cap is £50,000.00 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:

    danielle staff block silhouette
    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.

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