28/11/2018
The Financial Conduct Authority, which both sets and enforces the rules for companies working in the financial services sector, is set to question around 3,000 firms about pension transfer risks, following suspicious surges in transfer activity over the past few years. In many cases, people may have been given negligent financial advice that led them … Continued
25/10/2018
The Financial Services Compensation Scheme has declared five financial advice firms in default in the month of September 2018. They are: Cygnus Investment Management Ltd Soussan, Esq Foreman Financial Services Ltd (Graingerco) Independent Mortgage Advice Bureau (Stevenage) Ltd The Financial Factory Ltd What does being declared in default by the FSCS mean? When claims are … Continued
02/10/2018
Future Capital Partners Limited, the firm that managed the liquidated bio-fuels investment Elysian Fuels, has itself entered into liquidation. The news of FCP entering liquidation, which began in early September 2018, follows months of industry speculation after it was revealed that it was facing closure as HMRC probed investors. Elysian Fuels was declared a tax … Continued
13/07/2017
The pension mis-selling scandal isn’t going away anytime soon – how do you know if YOU have been affected? The FSCS paid out around £105 Million in the year 2016-2017 for claims relating to SIPPs: Self-Invested Personal Pensions, much of which has been orchestrated by Claims Specialists like the team from Get Claims Advice, much … Continued
13/06/2017
The Financial Ombudsman Service’s annual report has shown that complaints about SIPP and SSAS pension arrangements has increased by over a third for the year leading up to the 31st March 2017. What are the SIPP and SSAS complaints about? Well, we know that a lot of the 1,574 complaints were against the financial adviser … Continued
30/05/2017
BlackStar Wealth Management added to the long list of IFAs to give unsuitable SIPP pension advice over high-risk storage pod investments The Financial Ombudsman Service has ruled that Blackstar Wealth Management a complaint about a mis-sold pension from Blackstar Wealth Management should be upheld, after it was determined that advice for ‘Mr I’ to invest … Continued
30/05/2017
A TV documentary featuring Get Claims Advice Ltd as specialist consultants, has revealed just how unregulated introducers can loop-hole around the proposed pension cold-calling ban. The petition-driven ban against pension cold-calling, which would make it illegal for UK firms to call you out-of-the-blue about your pension, is currently on hold until after the general election, … Continued
26/04/2017
Chairman David Ames, previously described as a ‘Walter-Mitty type character’, gets trial date set, but not until September 2018! Harlequin Properties – an unregulated and high-risk investment that promised to build hotels in sunny-spots like the Caribbean and make investors a fortune, has often been described by critics and commentators as “troubled”, but with Chairman … Continued
05/04/2017
While we consider every claim for a mis-sold pension compensation for our clients a good moment (and that’s almost everyday anyway), some days are a little better than others. Like just last week, when we helped Anthony win back his SIPP pension investment from a high-risk and unregulated land-banking scheme, with a direct claim totaling … Continued
04/04/2017
With even more pension transfers to SIPPs under scrutiny, and even more cases of pension mis-selling set to be received by the Financial Ombudsman in 2017/18, we challenge those who transferred into a SIPP to ask themselves an important, retirement-saving question: How safe is your SIPP pension? Following the success of ITV Tonight’s How Safe … Continued
