Mis-selling news & guides
36 BSPS Firms Ordered to Carry Out Past Business Reviews
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.
SIPP Mis-Selling: FSCS Pays Out £8.25m On Claims Against BlackStar Wealth Management
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.
Greyfriars: FSCS Pays Out £3.75m On Mis-Selling Claims
Greyfriars Asset Management is just one of these SIPP providers who mis-sold pensions on various portfolios, in particular their P6 portfolio.
Mis-Sold Pension Transfers: FCA Urges Thousand's to Seek Compensation
The FCA have been urging thousands to seek compensation for being wrongly advised to transfer out of their defined benefit pension.
FCA's Crackdown On DB Pension Transfers Set To Continue Into 2022
The Financial Conduct Authority has shown no signs of slowing its attempts to thoroughly regulate the direct benefit pension transfer advice market.
Financial Ombudsman Report a 91% Increase In Pension & Investment Complaints
It’s safe to say the past year has brought unprecedented challenges for businesses and consumers.
Blue Gate Capital Limited Enters Liquidation Amid Investment Mis-Selling
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.
FCA Reveal the Firms with the Highest Number of Upheld Pensions and Investment Complaints
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.
British Steel Pension Scandal: Cardiff-Based IFA Enters Default with 13 Claims
The British Steel pension scandal has been going on for years now, with growing numbers of financial firms coming under fire for their mis-selling practices.
Financial Mis-Selling: Why 57% of Britons do not Trust Financial Advisors
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.
London Capital & Finance Investors Receive More than £56million in Compensation
Investment mis-selling is on the rise, and increasing numbers of people are making claims for their losses. In February, some of London Capital & Finance’s clients finally received the compensation they were owed, after a lengthy review process.
Pension Schemes Act 2021 Set to Fundamentally Change the UK Pensions Landscape
The new Act introduces a new scheme – the CDC (Collective Defined Contribution) scheme. This means that you and your employer can contribute a fixed sum into a collective fund, which you’ll be able to draw an income from as soon as you retire.