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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 … Continued

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 … Continued

Britsh steel pensions targetted

British Steel Pension Transfer worries roll into 2018


The saga seems far from over… Bartholomew Hawkins Stops Pension Transfers 21 firms ignore FCA training request Concerns surrounding the practices of some Financial Advisers about the transfer of British Steel Pensions into alternative, private schemes appear to be just as prevalent in the new year, as another IFA agrees to stop conducting transfers and … Continued

port talbot pension scam

“Feeding Frenzy” of financial advisers surround Port Talbot Steel Pensions


Channel 4 News reported from the scene as “Greedy” financial advisers try to cash-in on steel misery In a Channel 4 News report, some financial advisers were said to be being driven by “greed” as advisers from all over the country were “parachuting in” to aggressively advise on British Steel Pension transfers. Financial advisers can … Continued

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