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Well done, Financial Litigation Department. Never thought I would see a penny. Oakwood proved me wrong. Easy to talk to. Professional service, always updating throughout the process. No hesitations in recommending your services. Thank you.
- A. Patel
Left no stone unturned throughout a lengthy and difficult process. Oakwood Solicitors were professional, polite and informative as well as supportive throughout. We are delighted with the outcome.
- A. Binns
I was so pleased
I had the best experience from Oakwood Solicitors where they helped me get big compensation from FSCS. Not only that, just within 4 days' time of literally submitting the claim, I received the amount in my account.
- N. Shah
Excellent service! Thank you
Once again I have received excellent service from Oakwood Solicitors in dealing with my mis-sold pension claim. Without the help of the team I would've not been able to recover £50,000. Excellent work! Thank you once again.
- P. Jones
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 Kingsway Wealth Management?
Between February 2014 and June 2019, thirteen cases were raised against Kingsway with the Financial Ombudsman Service.
Nine of the above case were upheld against the firm and all 9 related to SIPP transfers made with the advice of Kingsway. The cases all referred to the firm failing to conduct appropriate due diligence to ensure that the investments were suitable for their clients.
All of these were where a client was advised to transfer from another pension to a SIPP, five of them concerning unregulated investments.
Examples of unregulated investments include the Eco Fuel Green Oil fund, other “green oil” investments and Cyprus One, an overseas property scheme.
By 2018 the firm had racked up almost £2m in contingent liabilities from complaints about pension transfers to SIPPs
On 18 October 2019, the Financial Conduct Authority (FCA) ordered the firm to “immediately cease all regulated activities except where the Firm has obtained the prior written consent of the FCA”. The FCA also placed a number of restrictions upon the firm.
Kingsway Wealth Management filed for administration on 12 December 2019.
Have you been affected?
If you answered yes to 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 Kingsway Wealth Management to transfer your pension into an investment which 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.
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 to make a claim?
How much compensation will I 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 £85,000.00 per person, per advisor.
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.