Do you think you have you been mis sold a high risk investment or been mis sold a pension by CIB Life & Pensions?
CIB Life & Pensions – do you have a claim?
CIB (Life and Pensions) was a financial and pension advice firm based in Gateshead, England. It was founded by David Dalby a financial advisor and an insurance broker, Colin McKenzie. The founding partners ran the firm together until 1994, when McKenzie resigned, and was replaced by Dalby’s son, Jonathan Dalby. The firm was authorised by the Personal Investment Authority (1994-2001), then the Financial Services Authority (2001-2013), and finally the Financial Conduct Authority (2013-2015).
Between 2012 and 2015, the Financial Ombudsman Service received a number of complaints related to CIB. These were related to the Resort Group, and to Harlequin Property. Both of these mis-selling cases revolved around CIB failing to conduct appropriate due diligence and failing to ensure that all decisions made were in the best interests of the customer. The FOS awarded compensation in both cases. If you feel that you may be due compensation in the same way we can help.
In June 2015, the FCA withdrew authorisation from CIB after the firm commenced winding up on 14th May. The dissolution process was completed on 1st February, 2018.
The FSCS declared CIB to be in default in December 2015, and has since paid £28.6 million related to CIB.
You are likely to have a potential claim on the basis of advice from a regulated firm like CIB. The claims above are only an example of a potential claim. Each claim is judged on its individual merits and as such, we cannot guarantee that your individual claim will be successful or that you indeed may have grounds for a claim.
To find out if you have a claim get in touch with our pension claims team today.