High Profile Financial Services and Pensions Judgment; Adams v Options SIPP UK LLP
Adams v Options SIPP UK LLP (formerly Carey Pensions UK LLP); Nicholas Hill comments on the Judgment two years in the making: clarity and relief for SIPP operators and execution only financial services businesses.
In March 2018 the Chancery Division heard the high-profile test case on the liability of Carey Pensions UK LLP, a provider and administrator of self-invested pension plans (SIPPs), to the Claimant investor, whose underlying investments were alleged to have been manifestly unsuitable.
A little over two years later Judgment has finally been handed down. The SIPP industry (and indeed a wide range of institutions conducting business on an execution-only basis) will welcome the Judgment.
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Nick practises in commercial litigation with a focus on pensions and financial services law. Chambers and Partners 2020 describes him as a leading junior in pensions law with “significant expertise in financial services law”. Recent work includes the Lloyds GMP litigation, various professional negligence claims, and litigation involving the employer debt regime (PS Independent Trustees Ltd and another v China Shipping (UK) Agency Co Ltd and another  EWHC 1222 (Ch)).
Nick has frequently provided a longer seminar to instructing solicitors which considers inter alia the wider pensions transfer market, the regulatory regimes applied to pensions by the FCA and tPR, and the roles played by Introducers, IFAs and Operators.
Barristers: Nicholas Hill
Categories: Legal Blog & Publications | Financial Services