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Landmark court ruling turns client losses back on Sipp provider
By Michael Klimes 1
st April 2021 12:36 pm
The Court of Appeal has overturned a landmark judgment, ruling that a Sipp provider was in fact responsible for their ex-client’s losses.
The judgment marks a watershed over how much responsibility a Sipp provider has to vet unregulated investments.
It also brings to a conclusion several years of legal wrangling between Russell Adams and his old Sipp provider Options UK Personal Pensions LLP.
Options, formerly known as Carey Pensions UK, was fighting to maintain a key judgment it won in May 2020 against its former client Adams.
Pensions Manager Liable For Unvetted Investment 'Advice' law360.com - get the latest breaking news, showbiz & celebrity photos, sport news & rumours, viral videos and top stories from law360.com Daily Mail and Mail on Sunday newspapers.