Please find all details of up and coming events, seminars, news, publications and articles from the members of 4-5 Gray's Inn Square.

Instruct Us

Register an interest in sending instructions to Chambers or call us on +44 (0)20 7404 5252.

  1. Newsletter

SIPP administrators and due diligence on introducers (Options UK Personal Pensions v Financial Ombudsman Service)

The Administrative Court has refused a SIPP administrator permission to bring judicial review proceedings in respect of a Financial Ombudsman Service (FOS) decision upholding a complaint by an individual who had invested pension savings into investments held in a SIPP and suffered significant loss. The FOS upheld the complaint that the SIPP administrator (referred to in the judgment as Carey, now called Options UK) had failed to carry out sufficient due diligence on the introducer firm. The SIPP administrator did not accept the provisional FOS decision, made further submissions and requested an oral hearing to explore the individual’s understanding of his investment and his and Carey's roles. Carey argued that the due diligence duty to which FOS referred was not an actionable duty that a Court would recognise. It also sought to argue that if the FOS was imposing a duty going beyond legal requirements then it was bound to give a clear explanation of that decision and the reasons for it.

Read the full article here.

Article written by Rowena Wisniewska Sethi, barrister at 4-5 Gray’s Inn Square.

More articles & publications

Associated members

  1. Photo of jbphoto_220425_1385_l.jpg
    Rowena Wisniewska Sethi

Awards

  • Sports Law

    - Legal 500

  • Social Housing - Midlands Circuit

    - Legal 500

  • Social Housing - London (Bar) Top Tier Set

    - Legal 500

  • SHIPPING

    - Legal 500

  • Property Litigation

    - Legal 500

  • Professional Discipline & Regulatory Law

    - Legal 500

  • Planning - Leading Set

    - Legal 500

  • Mediators - Leading Set

    - Legal 500

  • Local Government - Leading Set

    - Legal 500

  • Inquests and Inquiries

    - Legal 500

  • Elections - Leading Set

    - Legal 500

  • Court of Protection

    - Legal 500

  • CMC Registered Mediators

    - Civil Mediation Council

  • Administrative and Public Law - Leading Set

    - Legal 500

  • Social Housing - Midlands (Bar)

    - Chambers and Partners

  • Social Housing - London (Bar) Top Tier Set

    - Chambers and Partners

  • Real Estate Litigation - London (Bar)

    - Chambers and Partners

  • Professional Discipline - London (Bar)

    - Chambers and Partners

  • Planning - London (Bar)

    - Chambers and Partners

  • Mediators - All Circuits

    - Chambers and Partners

  • Local Government - London (Bar)

    - Chambers and Partners

  • Election Law - London (Bar)

    - Chambers and Partners