Advice firm, Consumer Wealth based in Gateshead is yet another advisory firm who has entered into voluntary liquidation, doing so in January this year. RSM are the administrators appointed to the firm, who went into liquidation with 13 Financial Ombudsman … Read more ….
The number of Self-Invested Personal Pension or SIPP complaints that have escalated to the Financial Ombudsman Service (FOS) has increased from previous quarters as we head into 2019, with no sign of slowing down. In the final quarter of 2018, … Read more ….
Since announcements and new regulation came into effect with regards to pensions and in particular pension transfers, the industry has certainly seen an uptake in activity – good and bad. With news that the FCA has been working on a joint strategy with … Read more ….
Recent news reports and research from New Model Adviser, has once again highlighted the pension transfer debacle as nine more firms have ceased pension transfer activity, or at the very least have had to limit such transactions. With the FCA … Read more ….
The pension landscape has changed dramatically over a relatively short period. This is typified by the increasing scarcity of final salary pension schemes available in the workplace, with employers growing more and more reluctant to maintain such long-term pension liabilities. … Read more ….
Heather Dunne is a consultancy firm that specialises in support services for independent financial advisors (IFAs) active in the pension transfer sector. The paraplanner was intrinsically involved with the owner’s alternative business, Heather Dunne IFA, which operated in the final … Read more ….
The British Steel Pension Scheme (BSPS) scandal has had severe ramifications for the final salary pension transfer sector at large, resulting in thousands of compensation claims and swathes of regulatory changes from the Financial Conduct Authority (FCA). Numerous independent financial … Read more ….
Financial complaints against Greyfriars Asset Management were sure to be incoming after the firm received new restrictions from the Financial Conduct Authority (FCA) in August 2018. It has been less than a month since the self-invested personal pension (SIPP) provider … Read more ….
Registering a financial claim against an investment or advice firm that is still trading in the UK can be a lengthy and complicated process. The first stage is to complain directly to your service or product provider and wait for … Read more ….
Cherish Wealth Management was a self-invested personal pension (SIPP) provider that became infamous for mis-selling alternative investments of a high-risk nature to retail customers. Rumours of severe conflicts of interest, links to a Serious Fraud Office (SFO) investigation, and mounting … Read more ….