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Home / Mis-Sold Pensions / SIPP Claims / Financial Advisers and Mis-Selling / Grosvenor Butterworth (Financial Services) Claims

Grosvenor Butterworth Pension Claims

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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.

Grosvenor Butterworth Pensions

With their hands tied behind their back by the FCA and with a legacy of negligent financial advice claims stacked behind them, Grosvenor Butterworth – the Cardiff-based financial advice firm is now in liquidation, so says company director Tony Cuming. But what did Grosvenor Butterworth do to deserve going out of business?

The answer may be linked to Beaufort Securities investment portfolios, and if you’ve been advised by Grosvenor Butterworth to invest in one, either as cash or via a Self-Invested Personal Pension (SIPP), then it might be time to get a second opinion on that advice from our Specialist Case Handlers…

Now, as of June 2018, the FSCS has declared that Grosvenor Butterworth are now in default, meaning that the FSCS will consider paying out for compensation claims made against the firm.

Can you make a claim?

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FCA Rules for Grosvenor Butterworth

Financial Conduct Authority first took action against Grosvenor Butterworth back in June 2017, when it slapped them with a section 166 review – basically, meaning that it had to suspend some regulated activities (such as advising on pension switches and transfers), until a “skilled” third party had been appointed to review their processes to ensure they are up to scratch.

But later on, the FCA went the whole-hog and expanded these restrictions to a “cease all regulated activities” until the completion of the section 166 review, meaning Grosvenor Butterworth couldn’t do very much in it’s capacity as a financial adviser.

At least 25 section 166s were handed out to financial advisers last year, in cases where the regulator is “concerned […] about aspects of a regulated firm’s activities”, but Grosvenor Butterworth’s went further than some others, forcing then to end their relationships with unregulated introducers.

Speak with a specialist claims handler today

If you changed your pension with Grosvenor Butterworth, 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 Grosvenor Butterworth claim?

Financial advisers have a duty to only advise in their clients’ best interests, and that includes ensuring that pension transfers and investments are suitable.

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.

Speak with an expert

Grosvenor Butterworth timeline

1992 - Grosvenor

Setup in Cardiff, Grosvenor Butterworth officially registered on the 9 March 1992. It later registered trading names such as “Improve My Pension Now”.

2013 - Unsuitable investment advice

In 2013, the Ombudsman decided that Grosvenor Butterworth had given clients (Mr & Mrs E) unsuitable pension advice, putting them at more risk than they could afford.

2016 - Skandia

After a few more FOS complaints about ISAs, the Ombudsman also upheld a decision against Grosvenor Butterworth regarding unsuitable pension advice

2017 - Media Attention

By 2017, Grosvenor Butterworth was looking like it would close, after the FCA said it had given “unsatisfactory” advice over Beaufort Securities investments.

2018 - Liquidation

Just a few months later, the company went into Liquidation.

Could you be owed compensation for a mis-sold Grosvenor 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

Check out this life-changing mis-sold SIPP claim

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 Grosvenor Butterworth


SIPP Claims

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Final Salary

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Claims FAQs

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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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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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