Rowanmoor Personal
Pensions Limited

It is alluded that Rowanmoor Personal Pensions failed to complete the proper due diligence on their introducers before accepting business from them, as well as failing to carry out appropriate due diligence for underlying investments.

In other words, it failed to carry out checks to assess that those transferring their pension to a SIPP had received appropriate financial advice and understood the high-risk nature of the underlying investments.

The most common investments made within Rowanmoor SIPPs that are now zero value are:

• The Resort Group
• Harlequin Resorts
• Dolphin Capital
• Overseas investments
• Hotels and holiday properties
• Forestry, green energy and biodiesel, and environmental projects

Read more about Rowanmoor Personal Pensions Limited in our article here.

A SIPP is a Self-Invested Personal Pension scheme.

A SIPP provides more freedom and control with investments however they are not suitable for everyone. It is important that a client is completely aware of the disadvantages before transferring into a SIPP.

Having your pension within a SIPP allows these funds to be invested into more higher-risk investments. High risk investments often bring greater risk of capital loss and you could end up losing more than what you’ve saved. There is a higher risk of theft, investment scams and poor investment choices with un-regulated products.

If you had a pension with Rowanmoor Personal Pensions, it is likely you may have been affected.

On the 31^st August 2022 Adam Stephens and Christopher Allen of Evelyn Partners LLP were appointed as joint administrators of Rowanmoor Pension Pensions Ltd. On the same date, the Financial Services Compensation Scheme (FSCS) confirm that the firm were under investigation.

On the 3^rd March 2023 the joint administrators completed a sale of Rowanmoor’s business to Alltrust Services Limited. A further development on the 24^th August 2023 confirmed that Rowanmoor moved from Administration to Liquidation.

The FSCS opened their online claims services to claims against Rowanmoor after they were placed under investigation. With this being said, the FSCS did not investigate any individual claims as they first needed to satisfy themselves that claims would need the qualifying conditions for compensation under their rules.

The FSCS placed all claims against Rowanmoor on hold until they finished their investigation regarding Rowanmoor as a whole.

In early November 2023, the FSCS confirmed they had completed their investigation into Rowanmoor and claims that have previously been submitted would be moved to their claims processing teams for assessment.

The FSCS further explain that claims will be moved in waves to better manage the volume of claims.

Contact Oakwood Solicitors free of charge today. We will assess your claim over the phone and provide you with an immediate decision on whether we can assist you in making a claim.

You may still have a claim against Rowanmoor even if you have had a successful claim against your financial advisor. Some of Rowanmoor’s introducers were:

• CIB Life
• Regency Financial Resources Ltd
• The Pensions Office Ltd
• Pacific Life Ltd
• Lucesco Ltd

There are a number of features that will impact how long a claim may take to conclude. These include the complexity of the case, whether the claim is against an active adviser, the Financial Ombudsman or the FSCS, and whether liability is admitted or denied.

If liability is admitted, then the claim process is much shorter, and we would expect a claim to be concluded within 3-6 months. Alternatively, if liability is denied and the claim must be issued at court then the claim can take between 12-18 months depending on the availability of the court.

If 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.

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.

If you lost £10,000 then you will receive £10,000* in compensation. (*minus Oakwood Solicitors Ltd‘s fees).

We are a Regulated firm of Solicitors, with over 15 years’ experience in financial mis-selling claims. By using a solicitor who is a specialist in financial mis-selling claims you will ensure that you put your best case forward and maximise your chance of success.

You will be allocated your own experienced investment claims handler who will keep you fully informed throughout the whole process.

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.

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.

We have successfully recovered in excess of £5 Million for our clients in the last 12 months.

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 operate on a guaranteed No-Win, No-Fee. Our charges are some of the lowest in the market when compared with other Solicitors and Claims Management Companies (CMCs).