News and Knowledge

Better Retirement Group declared ‘failed’ by the FSCS

On Friday 2nd September 2022, Begbies Traynor (Central) LLP and Carter Clark Financial Recovery were appointed as Joint Liquidators and Better Retirement Group (BRG) entered into Creditors Voluntary Liquidation.   Prior to the liquidation, BRG had applied to the FCA to cease all regulated activities on the 30th May 2021. In October 2021, BRG also…

Just Loans Group PLC – Can I make a claim?

FSCS opens to claims against St Paul’s Marketing Limited’s principal firms, including Just Loans Group PLC.   St Paul’s Marketing Limited was authorised to carry out financial activities under the umbrella of  Alexander David Securities Limited (ADSL) and City One Securities Limited (“City One”). ADSL and City One have been declared ‘in default’ by the…

FSCS opens to claims against Alexander David Securities Limited and Templeton Securities Limited

Alexander David Securities Ltd is an FCA-regulated firm which was authorised to conduct investment-related activities. On 1 July 2022, it entered creditors’ voluntary liquidation.   The Financial Service Compensation Scheme (“FSCS”) is now accepting claims against Alexander David and its appointed representatives. Between 15 July 2013 to 19 August 2015, Templeton Securities Limited (“Templeton Securities”)…

Rowanmoor Pensions claims now being accepted by FSCS

On 31st August 2022, Rowanmoor Personal Pensions (“Rowanmoor”) entered into administration and were placed under investigation by the Financial Services Compensation Scheme (FSCS).   What did Rowanmoor do wrong? A lot of Rowanmoor’s customers transferred their existing pensions into a SIPP administered by Rowanmoor following a cold call offering advice from independent financial advisors. The…

The Pensions Regulator (TPR) launches new scam-fighting strategy

The Pensions Regulator (TPR) has launched a new scam-fighting strategy in relation to concerns over the rising cost-of-living.   The increasing cost-of-living may result in more vulnerable people becoming victims of fake promises at the hands of pension scammers. TPR said that this decision is made primarily, although not solely, in relation to seven kinds…

Compensation limits – Will the FSCS increase them for pensions in line with the Financial Ombudsman Services increase?

If you have been provided with negligent financial advice, you can make a complaint to the Financial Ombudsman Service (FOS) or to the Financial Services Compensation Scheme (FSCS) for compensation.   This is to try and recover any losses that you have suffered and to put you back in the position you would have been…

Nationwide Benefit Consultants Ltd T/A The Pensions Reporter under investigation

Nationwide Benefit Consultants Ltd T/A The Pensions Reporter is under investigation by the FCA, FSCS and the Financial Ombudsman Service in relation to pension transfer advice.   Who are Nationwide Benefit Consultants? The Pension Reporter was a trading name of Nationwide Benefit Consultants (“NBCL”) who were appointed representatives of Joseph Oliver Mediaçao de Seguros Lda…

Investors lost 1 billion pounds due to FSCS cap

Due to the cap in compensation payouts allowed by the FSCS, it is estimated that investors lost 1 billion pounds over the course of the last six years.   More than fifty percent of these losses were made by savers looking into pension advice claims, according to this source. Due to this, the lifeboat scheme…

12 firms listed as in default by the FSCS – February 2022

The FSCS (Financial Services Compensation Scheme) has announced the 12 latest firms to be announced as in default and out of business.   One of the 12 making the list is Midland Independent Financial Services (formerly known as The Mortgage Shop), which the FSCS believes to be incapable of meeting claims in-house. Clients owed money…

Beaufort Securities (Formerly Hoodless Brennan) – Have You Lost Money?

Have you lost money with Beaufort Securities? Solicitors firm with over 15 years’ experience in financial mis-selling claims No win, no fee No upfront costs We charge only 30% + VAR for a successful claim £5 million recovered for clients in the last 12 months Free initial consultation   The experts in Financial Litigation claims…