Microscope illustrating how the FCA is treating suspect IFAs

3000 financial firms to be quizzed over pension transfer risks

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…

FSCS List

5 financial advisers declared in default with FSCS: Can you claim?

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…

Screenshot of future capital partners elysian fuels company

Elysian Fuels saga: Future Capital Partners Limited enters into liquidation

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…

£105MILLION paid out for SIPP pension mis-selling cases in 1 year! How safe is your SIPP pension?

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…

Mis-sold Investment: Rock Capital Group City Park Fund considered unsuitable for Mr P

The Financial Ombudsman Service upheld the complaint against Greystone Financial Services Limited about the investment made through a SIPP As detailed in FOS decision DRN1107272, the Rock City Fund which had purchased large office space in a business park in Glasgow using significant amounts of borrowing and investor capital, got into trouble in 2011 before…

A judges gravel

FOS tells IFA Blackstar to pay client compensation over storage pod investments

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…

can we close the loop-hole on pension cold-calls

How pension cold-calling scammers are already planning to dodge the cold-calling ban and take more pensions!

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,…

date set for David Ames Fraud Trial

Fraud trial dates to be set for Harlequin investment boss David Ames

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…

get claims advice review

Mis-sold Pension Stories: Anthony and the Unregulated Land Bank

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…