Pension Fund – Demontfort Wealth Management SIPP Claims
When you are looking at most of the financial advice firms you will notice that they are going to be an adviser on pension funs, but some of them will even recommend investments that are a higher risk than what you were expecting.
These are no longer allowed under the Financial Conduct Authority and they cannot have activities that are regulated like giving advice on pension transfers.
What is the problem with high-risk investments? Nothing if the risk is properly represented in what is going to happen and the investor has the proper knowledge on what can happen and how they can manage these to minimize the risk.
The issue is not everyone is able to guarantee or track the investment as well as what they would like to believe and you only have to look at Sustainable AgroEnergy to see what kind of problems this can cause. Something else that is an issue will become the fact that the bad SIPP advice is starting to become a major issue and really harming retirement funds.
This is how Demonfort managed to get into so much trouble with the FOS because they were providing advice to people on a high risk type of investment when they should not have been giving this advice.
If you think that this happened to you, make sure you contact us today to get the callback for a FREE advice checker on your pension.