Final Salary Pension Defined Benefit claims with the FSCS.
Edwards Hoyle have access to a very competent team including Defined Benefit Transfer specialists and the support of a firm of Consulting Actuaries. This has led to numerous Defined Benefit Pension Transfer referrals from Claims Management Companies who do not have access to the same level of expert support.
Edwards Hoyle are in the process of challenging the FSCS, as the FSCS have been “incorrectly” calculating redress for some Defined Benefit Pension Scheme Transfers and this is being supported by the firm of Consulting Actuaries and the latest recent CP22/15 issued by the FCA in August 2022
Success would then mean that Edwards Hoyle should be successful in enhancing the successful redress payments of a number of PAST successful Defined Benefit Pension Transfer claims, and of course this legal argument will then also benefit ANY future clients. IF YOU HAVE HAD A SUCCESSFUL FSCS REDRESS FOR A DEFINED BENEFIT PENSION SCHEME TRANSFER THEN PLEASE CONTACT US FOR A FREE REVIEW NOW.
An example of an existing Edwards Hoyle client who should benefit, is where the FSCS awarded redress to a client in October 2021 and the amount of FSCS redress payable was £288.81 when in fact the “correct redress” should have been £75,891.19.
Mis-sold Pensions and Investments
Mis-sold SIPPs (Self Invested Personal Pension) have become an increasing area of complaints to the Financial Ombudsmen Service (FOS) and the Financial Services Compensation Scheme (FSCS). SIPP’s have provided more control for consumers over their pension monies enabling advisers to giving consumers more choices as to where to invest and how to manage the pension investments. A great number of people have lost much of their hard-earned savings because of the result of the ‘unsuitable advice’ from their advisers. FOS and the FSCS however, both provide a customer a high level of financial protection if you have been a ‘victim’ of such unsuitable financial advice.
Common IFA and SIPP companies involved.
If you’ve been advised by or invested into the following companies, you are likely to have been mis-sold. Bank House Investment Management, Philpott Reed Partnership, Henderson Carter, Financial Page, Liberty SIPP, Berkley Burke, ForthPlus Pensions, Carey Pensions UK LLP, Blue Infinitas, Active Wealth (UK)
Lifetime SIPP, Easy SIPP, Strategic Wealth, Retirement and Pension Planning Services, Mansion Park, Bartholomew Hawkins, Douglas Baille, Omega Fnancial Solutions, Fiducia Wealth Solutions, Minerva Lending Ltd and many others.
Common Investments
Loan Notes; Overseas property
GCC Management Ltd (Formerly Gravity Child Care); Carbon Credits
Elysian Fuels; Oil Plantations
Teak Plantations; Store First
Car Parks; Storage Pods
The Resort Group; Paraiba Projects Mini Bonds
Ethical Investments; Green Energy
Hotel Developments; Dolphin Trust
P6; Water Bonds
Dolphin capital;
Our specialist team will investigate the circumstances of how a pension transfer to a SIPP, or then the investment strategy may have been recommended to you and if the resulting advice has left you out of pocket.
Any ‘free review’ will include whether you were provided with all the correct and clearly understandable information regarding the potential benefits, and importantly any downside risk level involved.
We will then assess your potential claim with the assistance of specialist barristers to determine if you have been wrongly advised. This includes a determination as to what compensation should be refunded to you.