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Gaudi SIPP Administration Claim

Make a Gaudi SIPP Mis-Selling Claim with KP Law

Gaudi offered a wide variety of self-invested personal pensions (SIPPs), but in some cases, they did not deliver on their clients’ expectations because of over-promised results. If you were mis-sold a Gaudi pension, this could be because the financial service or products in question were unsuitable or because a financial advisor or provider put you under undue pressure to invest in a Gaudi SIPP scheme. 

SIPPs, like the investments offered by Gaudi, are designed for experienced and knowledgeable investors. Sometimes they are used for high-risk investments. These high-risk investments are unsuitable for many investors. They are often unregulated and have been mis-sold to clients. Gaudi has stopped accepting such investments in recent years, but before doing so, many people lost substantial amounts of money. 

At KP Law, we have extensive experience helping our clients get the compensation they deserve when they have been mis-sold a pension. If you think you were improperly sold a SIPP, contact us today to discuss your potential claim.

What is a Gaudi pension?

Gaudi was founded in 2008 and rapidly established itself as a specialist provider of SIPPs. It began handling multi-million-pound accounts just a few years after starting up and tempted clients with a range of investment plans. Unfortunately, while these looked good on paper, they were often quite different in reality.

If you invested in a Gaudi Limited SIPP, there is a possibility you were mis-sold your investment, and therefore are entitled to compensation. This is because it took over the pensions of multiple failed companies, such as Beaufort Securities and Greyfriars Asset Management. The big problem with this was that these firms had failed because they had been involved in mis-selling practices.

Gaudi SIPP claims

Do you think you may have been mis-sold a SIPP by Gaudi but cannot be completely sure? Below are some factors that could indicate that you have been mis-sold a pension investment from Gaudi.

If any of the above sound familiar to you, or you have any further concerns, you could be eligible to make a claim for compensation.

What happened with Gaudi Limited?

A big problem with Gaudi was that it took over assets previously belonging to both Beaufort Securities and Greyfriars Asset Management. These companies were both investigated by the Financial Conduct Authority (FCA) and were found guilty of illegal activity as well as mis-selling. Here are some more details about both:

Beaufort Securities

Beaufort was a large operation with thousands of clients. However, the FCA declared Beaufort insolvent, following claims of fraud and other illegal financial practices.

Greyfriars Asset Management

The FCA placed sanctions on Greyfriars in 2016, and it was subsequently forbidden to take on new clients. The company was discovered to have mis-sold many of its SIPP products, including ABC Corporate Bonds and Lanner Car Parks Fund. This came after many clients complained that their investments had significantly decreased in value.

Financial regulators believe there could be strong, valid claims from investors on the grounds of mis-selling pensions and/or negligence. If you have dealt with Gaudi and received advice from a third party that urged or advised you to transfer your money to Gaudi, you could have a case for compensation. Contact us today for a free, no-obligation review of your situation. 

Pension Mis-selling Group Action Claims

Where multiple people have received negligent or fraudulent pension advice from the same professional advisor/company, we can help them to recover their losses collectively. Group actions can be a powerful tool and can have a bigger impact than a single claim.