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 ….
In mid-May of this year, the Pension Protection Fund (PPF) came under scrutiny from the European Court of Justice (ECJ) for its payment cap, which limits the amount of pension compensation that higher earning claimants were entitled to. Currently, the … Read more ….
Mattioli Woods is a very successful wealth management firm based in Leicester, handling client accounts with a total value exceeding £8.73 billion. The company recently published a pre-tax profit of £9.8 million for the tax year 2017/18 and is planning … Read more ….
In recent years, independent financial advisors (IFAs) received the lion’s share of the revenue from final salary pension transfers. They were among the most lucrative services for IFAs with high-charging structures or commission schemes. Pension holders were enticed to transfer … Read more ….
James Hay Partnership, part of the IFG Group, is a self-invested personal pension (SIPP) provider with decades of experience in the UK’s retirement savings sector. The firm claims to have managed over £25 billion in client funds across both SIPP … Read more ….
Beleaguered asset management firm Greyfriars ran into trouble in November 2016 when the Financial Conduct Authority (FCA) rescinded the company’s permissions for accepting new investments into its portfolio. This significantly altered the company’s business model, effectively removing its discretionary fund … Read more ….
Last week, the British Government published a series of documents offering guidance for individuals and businesses looking to avoid disruptions in the event of a no-deal Brexit. This term refers to the scenario in which the UK exits the European … Read more ….
The Financial Ombudsman Service (FOS) is often considered the last line of defence for financial claimants that cannot settle complaints directly with their service or product provider. In the case of self-invested personal pensions (SIPPs), these are typically pension providers … Read more ….
Greyfriars Asset Management has officially reached an agreement with the Financial Conduct Authority (FCA) to stop accepting client money or custody assets from new or existing clients. A list of extensive permissions was attached to Greyfriars’ FCA register, preventing the … Read more ….