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Mis-sold Pensions

Court grants appeal against Carey Pensions in mis-sold SIPP Lawsuit

15/10/2020

Carey Pensions Court Appeal   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 deemed “worthless” and “unsuitable”. Has now … Continued

Berkeley Burke Court of Appeal case dropped by administrators

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

BlackStar Wealth Management collapses

Final Salary Pension adviser BlackStar Wealth Management collapses

03/10/2019

Blackstar Wealth Management entered administration in August 2019 A financial advice firm that is known to have transferred people’s final salary pensions into SIPPs filled with high-risk and unregulated investments has entered into administration. Based in the West Midlands, Blackstar Wealth Management Ltd which operated as a registered business from 2008 appointed Andrew Fender of … Continued

Berkeley Burke in Administration over mis-sold pensions

NEWS: Berkeley Burke in Administration over mis-sold pensions

19/09/2019

SIPP pension provider now in insolvency proceedings The pension provider at the centre of a high-profile court case, Berkeley Burke SIPP Administration Limited, has followed other SIPP providers into administration. Berkeley Burke appointed Adrian Allen and Diana Frangou of RSM Restructuring Advisory LLP to be the joint administrators over the firm’s insolvency proceedings, with many … Continued

3 reasons to check your pension advice for misselling

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

man shocked at headline

625 claims against just ONE pension transfer adviser

02/05/2019

Over 400 claims upheld by Financial Services Compensation Scheme over Henderson Carter Final salary pension transfer problems High-risk investments mis-sold to clients How Get Claims Advice has helped The FSCS – a source of compensation for people who have suffered from a mis-sold pension transfer, has said that it has dealt with 625 claims regarding … Continued

financial adviser reveals his true face

Is your DFM investment portfolio a scam?

17/04/2019

The FCA has warned that it has seen an increase in scams ran through discretionary fund managers – often a part of SIPP pensions. DFMs are portfolios of investment bonds The bonds are chosen and managed Portfolios are often rated by risk Many DFMs may involve scams Did you move your pension to a SIPP … Continued

A claims handler checks paperwork for negligence

Why checking your pension advice for negligence might save your retirement

08/04/2019

Transferred a pension in the last 15 years? You may have received bad advice that could put your retirement at risk. Thousands mis-sold Final salary pension transfers often not what they seem Many SIPP pensions still involved in scams How to check for mis-selling claims A new study by the Pension Scams Industry Group (PSIG) … 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