InvestUS investment winding down

“InvestUS” Exit Strategy to explore winding-up options after investor requests

Steve Wright expressed his intentions in a December 2017 Exit Strategy Update Exit Strategy – the high risk and FCA-unregulated US housing investment, often sold to UK investors via their SIPP pensions has outlined another “turbulent year” for the investment, placing the majority blame for a range of difficulties on the ongoing effects of the Right…

Sovereign financial

FSCS add J. Richfield and Cumulus Investment Management to default claims list

It means that the FSCS will pay out on successful claims against both companies The FSCS has declared 15 firms in default, meaning that the Financial Services Compensation Scheme is satisfied that the company can no-longer pay out compensation to people who have received negligent financial advice from the firm. J Richfield J. Richfield, which also…

Grainger Co Claims after de-listing

Foreman Financial Services (GraingerCo) ignores Ombudsman over mis-sold SIPP complaint

The Tunbridge Wells firm is now closed, after the FCA revoked their authorisation Foreman Financial Services, which often traded as GraingerCo has closed it’s doors after the FCA took action, apparently over the way it handled itself over a SIPP pension complaint. The FCA, which regulated all authorised financial services companies, took away GraingerCo’s ability…

premier financial solutions claim

Premier Financial Solutions (Harrogate) Limited found to have mis-sold Rimondi Grand investment through SIPPs

The firm has now applied to cancel its FCA Authorisation It sometimes seems hardly a week goes by without another firm either relinquishing or being forced to relinquish it’s FCA authorisation or permissions, meaning it can no-longer provide financial advice (or at least about pension transfers into SIPPs). This week, we’re reporting on Premier Financial…

compensation for mis sold pension

The ‘SIPP Claims Scandal’ gets bigger: FSCS seeks more funding to pay mis-sold pension claims

The “Lifeboat” Compensation scheme is increasing levies to pay claims… If there was any doubt that a major UK SIPP mis-selling scandal is already underway then surely the news of yet MORE levy rises to help fund the FSCS would quash them. And that’s just what has happened this week, as the Financial Services Compensation…