Moneywise Financial Advisers Mis-Sold Pension Claim
Located in Buckie, Scotland, Moneywise Financial Advisers Ltd is an IFA that no longer has IFA permissions to assist clients with some varieties of pensions.
What kind of impact does this have on people that have transferred their pension to Moneywise Financial Advisers Ltd? Why is this happening now? What should your next step be?
To start, it’s important to look at the restrictions that have been placed on Moneywise by the Financial Conduct Authority.
The firm can no longer:
Participate in regulated activities regarding pension transfers and switches to any type of self-invested personal pension scheme. This includes completing pipeline businesses, unless the funds of the member are exclusively being placed in standard investments.
The word “pipeline” refers to any transfers that are partially completed. These transfers won’t be able to complete.
Non-Standard SIPP Investments and Moneywise
Because these investments are classified as high-risk, there is no type of protection or compensation from either the FSCS or the Ombudsman is there’s an issue with the investments. This includes cases of liquidation or fraud.
How To Investigate A Mis-Sold Pension Claim
If you’ve worked with Moneywise and believe that they gave you poor pension advice, you’ll want to talk to the specialists at theYEC.
We can review the pension advice you’ve received as part of our initial assessment. There’s no cost, and you’ll be under no obligation to work with us.
If you received reasonable pension advice, we’ll let you know. Talking to us will let you know your pension is secure, which will give you the chance to relax. You’ll know that the money in your pension is safe and secure.
If you received inaccurate or negligent pension advice, we may agree to take on your claim. We work on a NO WIN – NO FEE basis*, which means there is no risk for you. We’ll work hard to save your pension and win your claim.
If you’ve been involved with SIPP, you can safely assume that your pension has been invested. We’ll be able to determine whether or not the risk level of those investments was acceptable. If the investments made sense for you, we’ll give you some peace of mind. The entire process should be very easy for you!