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At all times, Junaid was professional, polite, competent, and efficient. A pleasure to do business with. I commend him and all at Oakwood for an outstanding service.
What a great service
Just asked simple questions and got on with the job and got £5,000 back in my bank account. Thanks!
- M. Bob
Great to deal with
Kept me informed throughout, am very happy with the whole process and the funds they got back for me, definitely a 5 Star rating. I will definitely use their services again in future.
A good reliable Solicitor
Extremely reassuring about the whole process and thoroughly explained everything to me at every stage. The company's approach I found was most efficient. I can recommend Oakwood Solicitors as the outcome for me was fast and hassle-free.
- R. Clevett
recovered by Oakwood Solicitors for clients in the last 12 months.
has been paid out by the FSCS to customers of failed financial firms
has been set aside by the FSCS for pension claims in 2020/2021
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 with Liberty SIPP?
Liberty SIPP was a provider of Self Invested Personal Pensions (SIPP) which was founded in 2007.
In 2015, following a series of landmark decisions from the Financial Ombudsman Service, it began to emerge that Liberty had been allowing unscrupulous financial advisors to transfer their clients’ pension funds into high risk, unsuitable and illiquid investments such as:
As a consequence of Liberty’s failure to undertake any proper due diligence on the investments, many clients have now lost substantial sums of money from their retirement savings.
Have you been affected?
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 Liberty 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.
Why choose Oakwood Solicitors Ltd?
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?
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 Liberty SIPP has been declared in default, many 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.
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 Liberty SIPP 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)
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.