A Claims Management Company
Total amount invested
£5 billion in assets under management as of October 2018.
Why did people invest in it?
Fairstone is one of the largest consolidators of financial investments in the UK, buying five firms in 2018. The size of this firm alone may make them seem an attractive investment opportunity.
Why was it mis-selling?
Much like the St James’s Place Partnership, Fairstone has been known to acquire the services of directors from smaller firms that have then gone on to fail, costing the FSCS large sums of money (£498,000 in relation to one firm – Watchovia).
Potential value of cases
£12,195 based on an averaging of £5 billion between 41,000 clients.
Fairstone is one of the largest consolidators of financial investments in the UK, with 5 billion assets under management. With a lack of negative news stories between 2008 and present, there seem to be very few red flags related to their work.
Fairstone has been known to acquire the services of directors from smaller firms that have then gone on to fail, costing the FSCS large sums of money. Between July 2013 and October 2018, Fairstone hired 14 directors from firms that have faced £5 million in FSCS claims. Akin to SJP, Fairstone chief executive, Lee Hartley stated Fairstone would only engage with firms ‘who are not harbouring contingent liabilities’. Although not illegal, this avoidance of liability raises serious ethical questions.
You are likely to have a potential claim on the basis of advice from a regulated firm. The claim above is 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.Start your enquiry