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Three IFAS have been disqualified as directors over £44m Sipp miss-selling

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Aidan Henderson, Andrew Page and Thomas Ward have all been fined by the Financial Conduct Authority (FCA) earlier this year for negligent pension transfer advice. Henderson worked at Henderson Carter Associates Ltd and Page and Ward both worked at Financial Page Ltd have been disqualified by the Financial Conduct Authority (FCA) after an investigation found that hundreds of clients had lost more than £44m as a result of SIPP  (Self Invested Personal Pension) mis-selling.

In May the Financial Conduct Authority banned Aiden Henderson, Andrew Page and Thomas Ward from the sector after fining them in 2019. At the time Henderson and Page were both working as IFAs while Ward was found to have acted as the director however, he was not registered as such.

The trio have now been additionally disqualified from acting as directors of any company.

The directors all advised clients to transfer their pension funds into SIPPs, but the FCA found that they did not adequately explain to clients that their money was subsequently loaned to unregulated high-risk investments based in Mauritius.

The mis-selling took place between January 2014 and July 2015. Henderson’s firm, Merseyside-based Henderson Carter Associates, went into liquidation in February 2017.  Page and Ward’s firm, Shropshire-based Financial Page, liquidated in July 2017. 

If you think you have been a victim of mis-sold SIPP advice or if your SIPP is not performing as you were promised, then get in touch with our expert team today.

Our dedicated team have been dealing with hundreds of mis-sold pension cases and have recovered pension funds where other firms have failed

To speak to a member of the team you can fill out an online enquiry form or alternatively, you can call us on 0800 046 9976 for a free of cost initial chat.