Guinness Mahon and Mis-sold SIPP claims

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Guinness Mahon Trust Corporation Limited (GMTC) Claims Advice

Have you been involved at any point with Guinness Mahon Trust Corporation Limited and as a result lost money? If so, Pension Justice is dedicated to helping victims claim compensation for any losses as a result of opening a SIPP by Guinness Mahon.

Guinness Mahon Case Study

The company was established in 1927 and provided its services for investors, members, advisers and introducers. Many GMTC customers were recommended to transfer their pension funds to a SIPP and thereafter invest in non standard, illiquid and high risk products.

SIPPs can be a smart choice for some people, but Guinness Mahon Trust Corporation included some very high-risk investments in their products.

The company was put into administration on 17 February 2020, which means that GMTC cannot pay you any returns on your investment. However, you may be eligible for mis-sold SIPP compensation made available by the Financial Services Compensation Scheme (FSCS).

It’s Your Right To Claim With Help From Pension Justice.

Whether your pension advisor was regulated or unregulated, if you transferred to a Guinness Mahon SIPP and as a result, have lost money, Pension Justice would be glad to help. If you feel you may have a claim, do not hesitate to contact Pension Justice today.

Now is the time to act. Pension Justice are presently claiming on behalf of a large number of clients who have been mis-sold their pensions and have SIPPs with Guinness Mahon Trust Corporation .

 

, Guinness Mahon and mis-sold SIPP claims, Pension Justice

 

Guinness Mahon  Trust Corporation Timeline:

17 February 2020 – GMTC sought professional advice about its liabilities arising from existing and potential claims, and the directors were advised that GMTC was insolvent and should be placed under administration. The appointed joint administrators subsequently sold the SIPP business to Hartley Pensions Limited, another firm authorised and regulated by the FCA. 

Approximately 4,000 SIPPs and other assets were included in Guinness Mahon’s sale, but the legal entity Guinness Mahon Trust Corporation Limited remains in administration.

9 November 2020 – The investigation by the FSCS concluded that they might be able to compensate customers and started accepting claims in relation to its due diligence.

13 April 2021 – The Financial Services Compensation Scheme has paid out £22.5m on 718 claims against SIPP provider Guinness Mahon. To date, 180 claims have been denied. [1]

Why contact Pension Justice for help with your claim?

Using a claims management company to pursue a pension compensation claim is not mandatory. Depending on the circumstances, you can present your case to the pension provider, Financial Ombudsman Service or the FSCS (in the case of a failed firm) for free, subject to any time limits within which a claim must be made.

However, our experienced claims processing team can offer invaluable expertise and support throughout the process. We can help you navigate complex legal processes and alleviate the stress and burden of pursuing a pension mis selling claim alone. 

Guinness Mahon Trust Corporation Limited were authorised by the Financial Conduct Authority under authorisation number 464432 and are a company registered in England and Wales under registration number 00224158.

GUINNESS MAHON TRUST CORPORATION LIMITED are based at,
3 Castlefield Court, Church Street, Reigate, Surrey, RH2 0AH, UNITED KINGDOM

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    The Financial Conduct Authority has stated that the majority of the customers Guinness Mahon Trust Corporation Limited 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, Guinness Mahon documents did not meet this standard.
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