Financial mis-selling solicitors Anthony Philip James & Co (APJ) said it has issued five cases against self-invested personal pensions (SIPP) administrator Guinness Mahon.
The five claimants alleged Guinness Mahon worked with unregulated introducers to facilitate SIPP investments into unsuitable non-standard assets. The cases relate to investments between 2013 and 2016 into schemes including Ethical Forestry and Global Plantations. APJ said it was preparing to issue a further 20 cases against the SIPP administrator in the coming weeks, which it believed to be the largest number of cases issued against Guinness Mahon. APJ solicitor Glyn Taylor said: "In 2013, the Financial Conduct Authority (FCA) issued guidance reminding SIPP providers of their regu...
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