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Latest News

5 July 2019

500 SIPP claims to be transferred from FOS to FSCS

After the collapse of GPC SIPP Limited (mentioned in our previous blog) which entered administration recently, The Financial Ombudsman Service (FOS) has been inundated…

5 July 2019

FSCS now accepting claims over £130m SIPP provider collapse

It has recently been revealed that GPC SIPP, who have provided pension administration on behalf of Guardian Pension Trustees, has collapsed. In light of…

21 June 2019

£17m fraud firm one of 21 firms declared in default by FSCS

A recent ruling by the Financial Services Compensation Scheme has seen 21 companies declared in default. One of the most notable names is Vantage…

21 June 2019

FSCS pays out over £17m for claims against SIPP firms

The Financial Services Compensation Scheme has recently had to pay out more than £17m for claims made against three SIPP operators who were declared…

20 June 2019

Large FCA fines for directors over ‘high risk’ pension transfer advice

Bank House Investment Management, a UK advice firm, received a fine of £311,639, while Financial Page & Henderson Carter Associates were hit with public…

22 May 2019

Advice firm in FSCS default after 4 FOS complaints upheld

A Glasgow-based advice firm, Allan McRoberts, which has been trading under the name AM Wealth Management Services, have had four recent Financial Ombudsman Services…

22 May 2019

FCA figures show over £190m lost to fraud last year

A recent report from the Financial Conduct Authority has told UK investors that they should be informed on the dangers of investment scams, with…

19 February 2019

Two fraud victims have lost £1m pensions, watchdogs reveal

Recent reports show that at least two victims in the UK have seen their £1million pension pots lost to fraudulent traders. Both the police…

19 February 2019

Advice Firm Facing Pension Complaints Goes Bust

Consumer Wealth, a financial advice firm who have received complaints about pensions, has recently gone into liquidation, with a list of 13 complaints against…
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    You may be eligible to claim if…

    You were advised to transfer away from a Final Salary Company Pension.
    Your new pension was not compared to a low cost stakeholder pension.
    You were advised to transfer to a Self-Invested Personal Pension (SIPP).
    You were advised to invest in unregulated investments, e.g. store pods, overseas property, ethical forestry etc
    You were not given annual reviews, ongoing support and projections.
    You were charged ongoing servicing fees.
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