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CONSUMER WEALTH LTD
Free pension reviews can sometimes be legitimate, but they were often an excuse to get somebody talking about their pension, with a view to transferring it, earning marketing companies and financial advisers some big fees and commissions.
In many cases, IFAs and Advisers would persuade people to invest directly in high-risk investments, usually overseas.
However in recent years, money was often instead directed towards DFMs: companies that build portfolios of investments, that may contain high-risk bonds that may be disguised under a friendly sounding name.
While details about Consumer Wealth Ltd and the reasons for the solvent liquidation are scarce, it is know that as of Dec 2018, Consumer Wealth Ltd is in solvent liquidation, and have applied to cancel their authorisation to give pension advice with the FCA.
Timeline of events: Consumer Wealth Ltd
Did you know, we’ve made successful claims for mis-sold investments before?
We’re specialists at mis-sold pension claims, many of which involved high-risk investments through SIPP pensions.
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