Rowanmoor are a regulated pension provider based in Sailsbury who specialise in self-invested personal pensions (SIPPs) and small self-administered schemes (SSASs).

 

They have been authorised by the Financial Services Authority and subsequently the Financial Conduct Authority since 2007 and were acquired by the Embark Group in 2016.

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Unfortunately, Rowanmoor have accepted a large number of clients from rogue advisers who have recommended that clients invest their money in high risk and unregulated investments from trees in Costa Rica to hotel rooms in Cape Verde and as a result, people have lost large amounts of money.

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It has come to light that adequate due diligence was not completed on some of these investments and as a result, a large amount of claims have been brought against Rowanmoor. These claims have been being investigated by the Financial Ombudsman Service for some time.

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On 27 January 2022, the Financial Ombudsman Service released their first decision against the firm, ordering them to pay compensation to a client for their due diligence failings. The decision can be read here.

Following this, on 1 February 2022, Rowanmoor released a statement on their website confirming that they are now acting as a standalone pension provider.

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If you have a pension with Rowanmoor, please complete the contact form below and one of our experts will be in touch to discuss your individual circumstances.