Kingsway Wealth Management Collapses Amid Pension Transfer Complaints
Transferring pension products can cause problems for consumers, especially if the new pension wasn’t adequately explained at the time, or the risks weren’t outlined in full.
Pension Advisory Firms that have Recently Gone into Liquidation
The pensions mis-selling scandal has resulted in several advisory firms going into liquidation. Here are the latest companies to have collapsed as a result of their past operations.
Mis-sold SIPPs – Liberty SIPP Goes into Administration
The SIPPs mis-selling scandal has been going on for years now, with increasing numbers of customers making claims against the firms they invested with.
Phoenixing: Phoenix Companies Mis-Sold Pensions
At present, well over a hundred companies are being investigated by the FCA for ‘phoenixing’. But what exactly is phoenixing, and why is it so problematic?
Coronavirus – Why Investors Should Remain Calm and Not Rush Financial Decisions
The COVID-19 pandemic has caused widescale chaos across the UK. In addition to the health concerns, many are also worried about the economy, and how long it will take to recover in the aftermath of the lockdown.
Coronavirus – Many Losing Money from High Risk Investments
Coronavirus is causing significant disruption across the globe – and not just with regards to health. The virus is also impacting on the world’s financial markets, which in turn, is adversely affecting personal investments.
Lookers Delays Annual Results Due to Potential Fraud Investigation
Car lease deals and PCPs look set to be the next big mis-selling scandal. The recent investigation launched against car retailer Lookers confirms this, with their sales processes currently being scrutinised by the FCA.
FCA Facing Pressure to Take Action on Pension Transfer Advice
Growing concerns about the rise in bad pension transfer advice has led to increased pressure being placed on the Financial Conduct Authority (FCA) to take action.
What is mis-selling? | A Guide to Financial Mis-selling
Financial mis-selling is on the rise. However, for some it remains unclear what constitutes financial mis-selling and what you should do if you believe you have indeed been mis-sold to.
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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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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.
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