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Home / Mis-Sold Pensions / SIPP Claims / Financial Advisers and Mis-Selling / Portafina


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Portafina LLP, which used to be called Portal Financial Services LLP, offers some people a “free pension review” – a chance to review their pension arrangements.

However, over the last few years, the Financial Ombudsman Service has upheld over 20 complaints against Portafina relating to pensions and investments advice.

Many of the Financial Ombudsman cases that were upheld against Portafina featured high-risk pension investments, which should only be recommended to certain people who can understand, manage and afford the risk they represent.

The investments include:

  • The Koroni Fund, which “loaned money against assessed financial claims”.
  • The Hypa Asia Fund, which used money to invest in ‘Offplan’ villas and hotel rooms, intended to be re-sold at higher prices.
  • Raithwaites Hypa Fund, investing in overseas property.
  • Venture Oils, “Pre purchased crude oil at an agreed set price and then sold it back to the open market.” Read More
  • EOS Solar, “invested in solar thermal” developments in Cyrpus. Read More

Timeline of events: Portafina

2009 - Portal

Portafina LLP starts life as Portal financial Services LLP before changing it’s name in 2016.

2014 - First SIPP complaint

FOS decision DRN5064883 details how Mrs B received unsuitable advice from Portal, and ended up with a SIPP pension with UCIS (high-risk) investments.

The final decision was to uphold the complaint against Portal, and for Portal to pay compensation.

2016 - Rebrand

Changed name to Portafina LLP

Did you know, we’ve made successful claims about high-risk SIPP advice before?

We’re specialists in mis-sold SIPP claims.

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Why are some SIPPs high-risk?

It’s not the SIPP, but the investments inside it. UCIS investments are high-risk, and therefore only suitable for people who fit some of the descriptions below:


Do you have a wealth of knowledge and experience in investing?


Do you earn in excess of £100,000 per annum?


Or do you own £250,000 worth of investable assets?

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