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Seven ex-footballers in mis-sold pension battle

11/01/2021

Seven ex-footballers in mis-sold pension battle 7 former footballers have launched a High Court claim for money losses relating to mis-sold pension advice provided by Kevin Neal, a former director of a series of defunct financial advice firms. Mr Neal had already been previously sued for £100,000 by former England and Newcastle striker, Alan Shearer, … Continued

Kingsway Wealth Management

24/11/2020

£1.7m in claims against Kingsway Wealth Management   Kingsway Wealth Management is facing a rising number of pension-switching claims since defaulting with the lifeboat scheme earlier this year. The failed IFA has seen a steep rise in compensation claims since May, with a total of £1,729,085 paid on 35 claims so far according to the … Continued

Carey Pensions Court Appeal

15/10/2020

Court grants appeal against Carey Pensions in mis-sold SIPP Lawsuit   Russell Adams, who two years ago decided to take Carey Pensions (now better known as Options Pensions) to court over a mis-sold SIPPs (Self Invested Personal Pensions), claiming they had used a spanish-based unregulated introducer for investments in Store First Unit Pods which were … Continued

image outside the Court of Justice

Berkeley Burke Court of Appeal case dropped by administrators

07/10/2019

RSM, who have taken over as administrators of Berkeley Burke SIPP have taken the decision to stop their fight through the Court of Appeal over their SIPP due diligence case. For the last couple of years, Berkeley Burke have been in an ongoing legal battle after the Financial Ombudsman Service found them at fault for … Continued

3 quick stats that show why you should check your pension advice

15/05/2019

Complaints and claims about pension transfer and investment advice are on the rise again… With so many of us being told we’d be better off moving our pensions elsewhere, either after cold-calls or through financial advisers, it’s not too surprising to see there’s been an increase in complaints about pensions. What may be surprising is … Continued

A torch shining a blue light

Torch Wealth Management to pay up over SIPP advice

11/03/2019

Financial advice firm Economic Financial Solutions IFA, which also went by the name of Torch Wealth Management, is set to pay a client compensation over SIPP pension advice. The Financial Ombudsman Service decided that Mr M’s complaint should be upheld, after he said he had suffered “severe financial losses” as a result of Torch Wealth … Continued

a wanted sign for carbon credits fraudsters

£2.4m carbon credits investment fraudster on the run

13/02/2019

Now several years on from when Carbon Credits investments were being plugged by marketing firms and IFAs as the go-to green investment for savers, one fraudster is on the run from the London Police. Sami Raja from Essex was sentenced to eight years for his part in £2.4 million fraudulent Carbon Credits scheme in January … Continued

The FOS has seen a 27% rise in SIPP complaints

27%: Ombudsman sees rise in SIPP complaints for last quarter

05/02/2019

The Financial Ombudsman Service (FOS) has recorded another jump in complaints about SIPP pensions in the quarter leading to December 2018, new figures show. The 27% per cent increase saw complaints rise from 777 in the previous quarter, up to 1,029 complaints leading to December for mis-sold pension claims. SIPP mis-selling in the press While … Continued