1STOP FINANCIAL SERVICES & CLAIMS
Based in Dyfed, 1 Stop Financial Services has since ceased trading amid massive allegations of mis-selling and financial mis-conduct.
So much so that directors Andrew Rees and Timothy Hughes were both fined thousands of pounds and the company we de-authorised by the FCA in April 2014, banned from restarting the business.
1 Stop became infamous for mis-sold SIPPs following a spree between Oct 2010 and November 2012 where it gave advice to over 2000 individuals leading to SIPP investments and transfers totalling over £122m.
As a damning article in the Professional Advisor says, these individuals were regularly not checked for suitability, the investments were often not regulated and the company failed to declare a conflict of interest to clients, taking a fee from the introducer firm too.
1 Stop Financial Service is known to have given advice on Carbon Credits Investments, and Overseas Property.