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High Court

Displaying items by tag: High Court

The High Court has approved a plan to return money and customer assets to clients of failed Newcastle-based wealth manager WealthTek which has a SIPP arm.

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The FCA has launched a criminal investigation into Newcastle-based wealth manager WealthTek LLP following the discovery of an £81.5m gap in the firms’ finances.

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Thursday, 01 April 2021 12:48

Judge overturns pivotal Carey Pensions SIPP case

A Court of Appeal Judge has overturned a previous High Court ruling to side with claimant Russell Adams against Carey Pensions in the long-running ‘Adams’ case.

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Pension consultant Willis Towers Watson has warned that pension schemes could be forced to top up 100,000 historic pension transfer payments following a High Court ruling.

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Wednesday, 11 November 2020 17:08

Investors lose £30m in care homes UCIS

The FCA has launched High Court proceedings against a company and two individuals over alleged links to care home investments which saw investors lose more than £30m in a UCIS.

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Carey Pensions, now know as Options SIPP, has claimed victory in the long-awaited Adams Case over who is liable for SIPPs investments.

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Friday, 20 March 2020 13:17

Law firm takes FSCS to court over LCF debacle

Law firm Shearman & Sterling has applied for a judicial review into the FSCS’s handling of compensation for victims of the £236m London Capital & Finance mini-bond firm.

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SIPP and platform provider AJ Bell has warned that the cost of reversing the increase in state pension ages could top £200bn.

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The FCA has written to SIPP firms to reiterate regulatory commitments following the judgement in the Berkeley Burke case.
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