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Easily approachable and thoroughly professional helping me from the beginning to the end. I received a successful outcome with prompt payment. A top team I can easily recommend.
- Dr. Shankar
Thanks for your help!
I was contacted by the Financial Litigation Department - They successfully made a £33,000 Investment Claim. Excellent throughout the process which was quicker than expected. Highly recommended.
- A. Johnston
Oakwood contacted me explaining what they could do for me. They did not disappoint with wonderful service, they kept me informed at regular intervals. Special mention to Daniel, he was brilliant throughout the process.
- S. Marsh
The service is professional, well organised and has recovered losses that I didn't think I would ever see back! Nothing short of excellent service and very experienced. Highly recommend!
- A. Patel
recovered by Oakwood Solicitors for clients in the last 12 months.
has been paid out by the FSCS to customers of failed financial firms
has been set aside by the FSCS for pension claims in 2020/2021
Oakwood Solicitors Ltd specialises in Financial mis-selling claims. We have a Financial Litigation team dedicated to assisting clients who have lost money as a consequence of negligent advice in relation to a financial product, such as a pension or an investment.
What went wrong with Financial Page Limited?
Financial Page Limited entered liquidation in July 2017 and is due to be dissolved in February 2020.
In September 2016 the firm was asked by the Financial Conduct Authority (FCA) to stop all pension switching or transfer business, and told not to dispose of their assets ‘without the prior consent of the FCA’.
It was also told at the time it needed to restrict its business with Hennessey Jones, its appointed representative and a lead generator.
The FCA said Financial Page Limited must ‘not carry on any activities in relation to pension switches and/or pension transfers to any SIPP, to facilitate investments into non-standard assets, (including the AIGO fund and Hennessey Jones Bonds)’
The regulator also told the firm it could not dispose of their assets ‘without the prior consent of the FCA’.
The regulator claimed Financial Page Ltd had “little meaningful oversight” and involvement in the service provided to its customers.
The regulator also stated “Financial Page held themselves out to customers as providing bespoke independent investment advice based on a comprehensive and fair analysis of the whole market, but that did not reflect the reality of the service that was provided.
In reality, customers were recommended pension switches and pension transfers to products that invested in high risk, illiquid assets which were unlikely to be suitable for them.”
The regulator alleged Financial Page “closed their minds to the obvious risks” of the products recommended and acted “recklessly”.
Have you been affected?
If you have answered yes either of the above questions please contact us urgently as we may be able to help!
What to do if you think you have been mis-sold
If you received advice from Financial Page Limited to transfer your pension into an investment that has lost money, then you are likely to have a viable claim.
We will complete a free review of your case to advise if it is something we can assist with. If we can assist we will offer a no-win, no-fee agreement. Contact Oakwood Solicitors Ltd free of charge to find out if you are entitled to compensation.
We have helped clients to recover thousands of pounds in compensation and may be able to help you too.
We work closely with Independent Financial Advisors who can assist before you agree to move your funds.
Why choose Oakwood Solicitors Ltd?
How do I know if I’ve been mis-sold a SIPP?
It is important to note that not all SIPPs are mis-sold. If you are unsure if you were mis-sold a SIPP then check out the common mis-selling features below.
It is likely that you were mis-sold a SIPP if you:
Were not given the full cost breakdown for management fees or additional costs attached to the investment
Invested without fully receiving an explanation of the risks including the potential to lose your pension
Were cold called by a 3rd party company
Had been told your investment would grow considerably and would provide a large return
Were pressured into acting quickly or because you were told you would risk losing out
Were told that you could take a large lump sum of cash out of your pension or access the pension before your retirement age
How much will it cost you to make a claim?
How much compensation will you receive?
We cannot provide an exact figure for how much compensation you will receive until we understand more about your claim.
The general purpose of a claim is to put you back in the position you would have been in, had you not received the negligent pension advice.
As your claim will probably be against the FSCS then the compensation cap is £50,000.00 per person, per advisor.
In the event the advisor was not regulated we would seek to have the pension reinstated with your previous pension provider.
We have recovered thousands of pounds already for a number of our clients, and could also help you.
Provide us with some information about your pension transfer and we will advise you if you have a viable claim. There is absolutely no obligation to proceed. You can provide information or get in touch by:
Danielle joined the firm as a Paralegal in 2011 and qualified as a solicitor in October 2014. She has acquired extensive experience in high value, complex litigation traversing numerous practice areas.