DAC Pensions or Davies &Co Pensions were a SIPP administrator which held £26.7 million worth of client’s resources. Be that as it may, it was found that the larger part of these resources were high-risk, illiquid, and unregulated ventures that are impossible to be reasonable for retail clients.

These ventures were presented to clients by two EEA Introducer firms (firms based within the European financial zone) and the FCA found that DAC did not conduct due constancy on these introducers, meaning that they fizzled in their obligation of care to their clients. As a result of this, the FCA constrained DAC annuities to type into to all of their clients exhorting that they shouldn’t have accepted their commerce to begin with, and prompting them of their right to complain. 

 

Do you recognise any of these scenarios? 

 

If you have: 

 

Lost cash since you exchanged a little annuity or benefits into a DAC Annuities SIPP, and the charges you’re paying for your SIPP cruel that by and large, the esteem has reduced. 

 

Ended up overseeing your DAC Pension SIPP yourself once you had no plans to do so, but your financial consultant or Investment manager has left you to it. Discovered a counsel that presented you to a SIPP was unregulated. 

 

Your DAC Annuities SIPP might have been mis-sold.

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Please contact our specialist advisors today to see if you could claim compensation