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All financial advisers who are regulated to give advice about final salary pension transfers get their authority to do so from the Financial Conduct Authority (FCA).
But in the case of Blackpool-based Omega Financial Solutions Ltd, the FCA restricted the firms ability to give such advice, saying that the firm must “cease all pensions & investment business” back in late 2018.
Since then, the FSCS has declared the firm in Default, meaning that it will consider paying claims made against Omega Financial Solutions, and the firm itself has entered into liquidation as of 07/08/2019.Get started now
If you changed your pension with Omega Financial Solutions, you may be able to claim
Final salary pensions are considered to be some of the most valuable around, and in most cases, well worth hanging on to.
Yet some financial advisers gave negligent advice, often earning big fees by recommending transfers that weren’t suitable for their clients and putting them at risk.
Many people are yet to realise that because their new pensions aren’t growing fast enough, they will have lost money by the time they reach retirement age because of their final salary pension advice.Speak with an expert
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The FCA recently reviewed 154 pension transfers as part of an investigation into IFAs in 2018, and found less than 50% to have received suitable advice.Read More
Speak with an adviser to see if you can make a claim on a No Win – No Fee* basis