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Home / Mis-Sold Pensions / SIPP Claims / Financial Advisers and Mis-Selling / Consumer Wealth Ltd & Pensions

Consumer Wealth Management Pension Claims Guide

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You can do the claim yourself directly to the adviser or pension company for no charge. You can also approach the Financial Ombudsman Service and Financial Services Compensation Scheme for free if you wish for them to review your case, providing you have approached the adviser or pension provider first, and it falls within their remit.

Consumer Wealth Ltd

Financial advice firm Consumer Wealth Ltd formed in 2014 up in the North of England, and is known to have been involved with my incidences of perceived cold-calling about pension reviews.

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.

If you made changes to your pension with Consumer Wealth Ltd, you may be able to make a mis-sold pension claim.

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Speak with a specialist claims handler today

If you changed your pension with Consumer Wealth, you may be able to claim

You can do the claim yourself directly to the adviser or pension company for no charge. You can also approach the Financial Ombudsman Service and Financial Services Compensation Scheme for free if you wish for them to review your case, providing you have approached the adviser or pension provider first, and it falls within their remit.

Can you make a Consumer Wealth Ltd claim?

Several financial advisers and the FSCS have been paying out compensation for mis-selling investments via SIPPs and SSASs for a few years, with Get Claims Advice often leading the claim on a No Win – No Fee* basis.

If you:

  • Transferred your pension to a SIPP
  • Made high-risk investments
  • Aren’t earning over £100k per year
  • Aren’t a Sophisticated Investor

Then you may have been mis-sold, and you could be able to make a claim for negligent SIPP advice.

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Consumer Wealth Ltd timeline

2014 - Company Formed

Consumer Wealth Ltd forms on the 4th December 2014 in Gateshead, North East.

2016 - Reported cold-calls

Comments on popular finance blog moneysavingexpert mention ‘Consumer Wealth Limited’ – a company reported to have called at least one person in order to review their pension. The original poster reported a “pretty hard sell”.

2017 - This Is Money

Tony Hetherington writes for the Financial Mail on Sunday and This Is Money, and in 2017 investigated a company that cold-called a reader about their pension. The firm, Pension Safe, which is a trading name of Knight Meade Limited based in Bury, was used to ‘drum up’ business for Consumer Wealth Limited.

2018 - Liquidation

A notice was finally placed in The Gazette that liquidators from RSM Restructuring Advisory LLP were now appointed to Consumer Wealth Ltd as part of a member’s liquidation.The FCA register records the firm as having ‘applied to cancel’ as of January 2019.

Could you be owed compensation for a mis-sold pension?

Find out now with a free call back from one of our specialists

You can do the claim yourself directly to the adviser or pension company for no charge. You can also approach the Financial Ombudsman Service and Financial Services Compensation Scheme for free if you wish for them to review your case, providing you have approached the adviser or pension provider first, and it falls within their remit.

We’ve made successful claims over mis-sold pensions before

Click the button below to see an example of a Get Claims Advice claim that won £thousands for a mis-sold pension – one of many!

See example claim

Ready to make a claim with Get Claims Advice?

 

Receive a free call-back from a specialist to get started

You can do the claim yourself directly to the adviser or pension company for no charge. You can also approach the Financial Ombudsman Service and Financial Services Compensation Scheme for free if you wish for them to review your case, providing you have approached the adviser or pension provider first, and it falls within their remit.

Related to Consumer Wealth Ltd


SIPP Claims

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Final Salary

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Pension Claims

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a Sophisticated investor
SOPHISTICATED INVESTOR Do you have a wealth of knowledge and experience in investing?
Compensation
HIGH NET-WORTH 1 Do you earn in excess of £100,000 per annum?
High net worth individual
HIGH NET-WORTH 2 Or do you own £250,000 worth of investable assets?

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Ready to make a claim?

Speak with an adviser to see if you can make a claim on a No Win – No Fee* basis

You can do the claim yourself directly to the adviser or pension company for no charge. You can also approach the Financial Ombudsman Service and Financial Services Compensation Scheme for free if you wish for them to review your case, providing you have approached the adviser or pension provider first, and it falls within their remit.

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