TL;DR – Quick Summary

Thousands of UK pension savers may have received negligent advice from Luapkram Limited and financial adviser Ashton Hoyle. If you transferred out of a final salary pension into a high-risk SIPP and lost money, you may be entitled to pension mis-selling compensation. A free pension consultation could help you understand your rights and start your claim.

Luapkram Limited & Ashton Hoyle: What Went Wrong?

Luapkram Limited, led by adviser Ashton Hoyle, has been linked to a string of mis-sold pension cases involving clients transferring secure final salary pensions into risky Self-Invested Personal Pensions (SIPPs). These moves, often irreversible, exposed thousands to excessive charges, poor investment performance, and, in many cases, financial hardship.

While these recommendations may have seemed professional at the time, they frequently lacked proper justification or were driven by high commissions and hidden incentives.

Final Salary Transfers – A Costly Mistake

Defined Benefit (DB) pensions—like those offered by the NHS, armed forces, or local councils—offer guaranteed, inflation-proof income. Transferring out of these schemes is generally not advisable unless under exceptional circumstances.

Yet Luapkram Limited allegedly advised many clients, including public sector workers, to transfer into SIPPs without properly disclosing:

• The permanent loss of safeguarded benefits such as spousal pensions and inflation protection
• The volatility and illiquidity of the investments within the SIPP
• High annual fees and commissions that eroded pension value

“Ashton Hoyle assured me my SIPP transfer UK would outperform my NHS pension. Now I’ve lost 40% and face retirement uncertainty.” – Former client testimonial

This kind of outcome points directly to pension mis-selling, and compensation may be available through official channels or legal claims.

Was Your SIPP Mis-Sold?

Mis-selling of SIPPs is a common problem, particularly when linked to unregulated or inappropriate investments. If you worked with Luapkram Limited or Ashton Hoyle, be on the lookout for these mis-sold investment claim warning signs:

• Being pressured to transfer out of a stable pension despite a lack of clear benefit
• Recommendations involving high-risk or unregulated assets (e.g., overseas property, forestry schemes, storage pods)
• Lack of transparency around charges and commissions

A professional pension review can reveal whether your transfer advice fell below the expected standard—and if you’re eligible to make a mis sold SIPP pension claim.

Where the Advice Went Wrong

The Financial Conduct Authority (FCA) has investigated numerous firms involved in pension transfer failings between 2015 and 2019—including those working with Luapkram Limited. Common regulatory breaches included:

• Overly optimistic projections about investment performance
• Failure to provide clear comparisons between existing and new pension benefits
• Misleading advice aimed at NHS workers, teachers, and other public sector employees

In many cases, the advice failed the regulator’s suitability standards—meaning it could be legally classified as negligent.

How to Claim Compensation

If you were affected by Luapkram Limited or Ashton Hoyle, there are multiple ways to pursue compensation:

1. Financial Ombudsman Service (FOS): For claims against active firms still authorised by the FCA
2. Financial Services Compensation Scheme (FSCS): For firms that have gone out of business
3. Private legal action: Especially if third-party investment promoters were involved

Each route has specific eligibility requirements, so it’s important to work with a claims expert or no win no fee pension solicitor to assess your best option. Many successful mis sold FSAVC claims have resulted in tens of thousands of pounds in compensation.

What Documents You’ll Need

To make a pension claim, you’ll typically need:

• Your original pension transfer recommendation letter
• Documentation of any SIPP or investment portfolio
• Financial statements showing losses or reduced pension values
• Correspondence with the adviser or firm

Don’t worry if you don’t have everything—many firms can request missing records on your behalf.

What Compensation Could You Receive?

The average compensation for mis sold pensions varies, but many clients have received between £10,000 and £85,000 depending on the level of financial loss and circumstances. If your pension value dropped significantly after transferring, you may qualify for a large payout.

Time is critical—most claims must be made within six years of the transfer or three years from when you became aware of the issue.

Why Act Now?

The longer you wait, the harder it may be to recover evidence or make a successful claim. Many affected individuals feel shame or regret—but remember: you were misled by an authority figure, and help is available.

Acting quickly could mean the difference between reclaiming lost funds or missing your window to file.

Start by booking a free, no-obligation pension assessment today.

Key Takeaways

• Luapkram Limited and Ashton Hoyle advised thousands to leave secure pensions—many without proper justification.
• If you lost money after transferring into a SIPP, you may have a mis sold pension claim.
• Compensation is available through the FOS, FSCS, or legal action.
• Don’t delay—time limits apply. Seek a free claims consultation today.