Proceedings against Liberty SIPP to begin next year - law firm APJ

'Scratching the surface'

Hannah Godfrey
clock • 1 min read

Court proceedings against embattled self-invested personal pension (SIPP) provider Liberty SIPP are set to begin next year, according to law firm Anthony Philip James & Co (APJ).

APJ managing director Anthony Wilson said claims against SIPP providers had so far only "scratched the surface", arguing many more "victims" deserved compensation for losses caused by risky investments in SIPPs. Wilson said he expected court proceedings to begin against Liberty SIPP in 2019, which would include cases yet to come from APJ. "The Financial Conduct Authority (FCA) clearly has concerns over whether SIPP providers have the required assets and insurance to pay the volume of compensation cases being brought - a concern we share, particularly in relation to Liberty SIPP," he a...

To continue reading this article...

Join Professional Adviser for free

  • Unlimited access to real-time news, industry insights and market intelligence
  • Stay ahead of the curve with spotlights on emerging trends and technologies
  • Receive breaking news stories straight to your inbox in the daily newsletters
  • Make smart business decisions with the latest developments in regulation, investing retirement and protection
  • Members-only access to the editor’s weekly Friday commentary
  • Be the first to hear about our events and awards programmes

Join

 

Already a Professional Adviser member?

Login

More on Retirement

Advisers concerned about regulatory scrutiny in decumulation phase

Advisers concerned about regulatory scrutiny in decumulation phase

Retirement planning ‘dominates’ client advice requests

Isabel Baxter
clock 27 November 2024 • 3 min read
Advisers call for new products to tackle retirement planning challenges

Advisers call for new products to tackle retirement planning challenges

Retirement products ‘don’t meet modern needs’

Isabel Baxter
clock 25 November 2024 • 3 min read
How advisers can play a role in boosting wellbeing in retirement

How advisers can play a role in boosting wellbeing in retirement

A happy retirement is the 'north star'

Cecilia Furner
clock 08 November 2024 • 3 min read