Beaufort Securities clients’ losses may exceed compensation limits

Some clients of Beaufort Securities have received news of a potential shortfall between their losses through the firm, and what the FSCS can pay out. PwC had already written to around 14,000 clients of insolvent Beaufort Securities and Beaufort Asset Clearing to say they had got their hands on about £50million in ‘segregated client money accounts’ and around £850m…

Acklam Financial

Transferred Your British Steel Pension? Third Firm Pulls Out Of Giving Pension Advice

Acklam Financial, a firm that is known to have given advice to people over their British Steel pension, has stopped giving advice over defined benefits (DB) pensions. The Financial Conduct Authority (the UK’s financial watchdog) temporarily removed Acklams Financial’s permissions to advise on transfers that involved DB schemes, including things like British Steel pensions. In…

Make a complaint about Guiness Mahon SIPP pensions

Claims against Guinness Mahon SIPPs may be on the horizon over pension mis-selling

Several law suits are staring down SIPP provider Guinness Mahon regarding its relationship with marketing firms who directed people towards Guinness Mahon SIPPs filled with high-risk investments. While many claims against financial advisers who recommended Guinness Mahon SIPPs have already paid out due to negligent financial advice, claims against SIPP providers are quite rare as…