In July of this year, news reports revealed that 36 financial advice firms had been ordered by the Financial Conduct Authority (FCA) to start conducting reviews into their past pension recommendations.
Blackstar Wealth Management is a West Midlands-based firm that was declared in default in January of 2020. The FSCS was required to pay this sum after numerous claims against Blackstar were substantiated by the FCA and other advisory groups.
The FCA have been urging thousands to seek compensation for being wrongly advised to transfer out of their defined benefit pension.
Greyfriars Asset Management is just one of these SIPP providers who mis-sold pensions on various portfolios, in particular their P6 portfolio.
The Financial Conduct Authority has shown no signs of slowing its attempts to thoroughly regulate the direct benefit pension transfer advice market.
It’s safe to say the past year has brought unprecedented challenges for businesses and consumers.
In 2009, Blue Gate Capital Limited became operators of the Connaught Income Fund Series 1. This fund provided commercial operators in the property market with bridging finance, and was unregulated.
The Financial Conduct Authority keeps track of all the complaints they receive, and their data shows which firms most regularly have complaints brought against them.
Working with a good independent financial advisor offers multiple benefits. They’ll help you to maximise your wealth, and gain greater financial security for the future.
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We've helped thousands of people win compensation as a result of unsuitable financial advice.
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After sending a report to Santander, they agreed with our findings and awarded Mr Snowden an amount of £7,000 made up from a refund of the losses together with interest and compensation.
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I am so grateful to your company but especially to Steve Wise for getting me the money back
We reported our findings to Halifax and within a matter of weeks had secured our client the sum of £26,700 in compensation.
After we sent a detailed complaint to Halifax, Fred was delighted to receive £6,916 from the bank in a matter of weeks.
Having investigated the complaint Lloyds TSB agreed that the advice was unsuitable and agreed to pay the clients £10,000.
Figures shown are before the deduction of our fee.