MONEYWISE & SIPP PENSION CLAIMS
Moneywise Financial Advisors, who trading from the Aberdeen area and beyond, are no-longer operating.
While they used to give pension advice, that all stopped then the watchdogs at the FCA took away their authorisation to do so, in relation to SIPPs – Self-Invested Personal pensions.
The FCA was pretty clear, saying that Moneywise must not: “carry on any regulated activities in relation to pension switches and/or pension transfers to any self-invested personal pension scheme, including completing pipeline business (see note (A) below), except where the member’s funds are to be invested wholly in standard investments (see note (B) below)”
The watchdog was clearly worried about what Moneywise was telling people to invest their pensions into.
Now, the company isn’t there anymore, having been dissolved.
But did you take their advice?
Have you checked to see if you can make a claim?
Did you invest in Storage Pods, Overseas Property, or other high-risk alternatives?