1 Stop Financial Services
1 Stop Financial Services SIPP Investment
1 Stop Financial Services can no longer provide regulated products and services, as described here by the Financial Conduct Authority
1 Stop have been giving advice regarding high risk, unregulated investments that put thousands of people’s pensions at risk. 1 Stop mis-sold SIPPs to over 2000 individuals between 2010 and 2012, with a massive £122m worth of investments and transfers made during that time period. Unfortunately, it seems that a number of those individuals were not correctly checked to see if they were suitable to make those investments. The investments themselves were also often unregulated.
Some of their popular investments were Harlequin Properties & Carbon Credits.
If you are one of the many people who received advice from 1 Stop Financial Services, or if you were advised to invest in Harlequin Properties or Carbon Credits, now is the time to act. Pension Justice are claiming on behalf of a large number of clients who have been mis-sold through 1 Stop Financial Services. If you feel you may have a claim, do not hesitate. Contact Pension Justice today.
1 Stop Financial Services was based at 20 High Street, Haverfordwest, Dyfed SA61 2DA, UNITED KINGDOM.
They were authorised by the Financial Conduct Authority under registration number 407894 but as from 17/04/2014 they were no longer authorised to provide regulated products and services.
Can I Recover My 1 Stop Mis-Sold Pension Investment?
Pension Justice are currently proceeding on a large number of cases for our clients who have lost a significant amount of money through mis-sold 1 Stop Financial Services SIPPs.
The Financial Conduct Authority has stated that the majority of the customers 1 Stop dealt with were retail investors. Such investors have a limited financial services knowledge, so it was important for them to be given clear, straightforward information about their investments. However, 1 Stop’s documents did not meet this standard.
Pension Justice are successfully claiming this money back for a large number of clients. If you are one of the investors hit by a 1 Stop Financial Services scheme, we want to hear from you. Contact Pension Justice today on 0800 014 8275 or complete the form below and we will get back to you.
Why did people take advice from 1 Stop?
When taking advice and acting on high-risk investments, it’s important to understand an investor’s attitude to risk, or ATR.
After the Financial Conduct Authority had reviewed over a dozen client files from 1 Stop, they found that all files deemed that the clients in question had a high attitude to risk.
The FCA said: “For all 15 (100%) customers whose files and investments were reviewed by the Authority, 1 Stop failed to establish adequately the ATR of that customer.”
Some of the clients that 1 Stop advised were a utility consultant, a jeweller, an environmental services coordinator and an unemployed individual. An article in the Professional Advisor covers further details.
How Do I Claim?
If you believe you’ve been mis-sold, you should contact Pension Justice today. As we are acting on behalf of a large number of clients like yourself, together we can get you the best possible outcome.