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‘UK regulated firms will need to consider implications of dealing with unregulated third-parties’
The court of appeal has delivered a blow to Carey Pensions after a judge ordered the firm to compensate one of its former clients.
The Adams v Carey Case has been ongoing since 2018. The client sued the pension company after experiencing losses in investments made through his Sipp.
Adams was introduced to Carey by an unregulated introducer and agreed to transfer funds from an existing pension into a Sipp administered by the firm.
He then instructed Carey to purchase a number of storage units from Store First through his self-invested personal pension.
SIPP investor Adams wins Court of Appeal battle against Carey Pensions professionaladviser.com - get the latest breaking news, showbiz & celebrity photos, sport news & rumours, viral videos and top stories from professionaladviser.com Daily Mail and Mail on Sunday newspapers.