Blue Infinitas Limited were an advice company, based in Weston-Super-Mare, who advised clients on financial products such as, pension transfers.
Established in 2013, it was only a couple of years later in 2015 that they entered liquidation.
The first complaint against the company was upheld by the FOS in 2015, with a second claim following in 2016.
These complaints involved advice to transfer into SIPPs and in particular the high-risk investments within the SIPPs. One of these cases involved Windermere Hydro Hotel which was an unregulated property fund.
In 2016 the FCA removed their authorisation altogether, meaning they could no longer provide regulated advice.
In August 2016 it was reported that the FSCS had received over 400 complaints against Blue Infinitas Limited. The FSCS is a lifeboat organisation which, in the event of a regulated company going into default, steps in to pay compensation due to clients
A majority of pension mis-selling cases occur as a result of poor, negligent or sometimes just plain greedy financial advice. If a regulated company or advisor has recommended a product or pension transfer that isn’t suitable for you or didn’t adequately explain the risks involved, this may be mis-selling.
If you’d like to know if the advice you received may have been mis-sold, we may be able to help.
We offer a free assessment to help establish if the advice you received was suitable or not and if you have grounds to proceed with a claim for compensation.
Whilst each case is individual, as mis-selling specialists we know to look for certain signs that in our experience indicate that mis-selling may have happened.
Our assessment is free and there’s absolutely no obligation to use our service if you have case.
You are not required to use our services to pursue your claim. You can also seek further advice or shop around subject to any time limits within which a claim must be made.
It is possible for you to present the claim for free, either to the firm or person against whom you wish to complain or to the statutory ombudsman (Financial Ombudsman Service or Pension Ombudsman Service) or the Financial Services Compensation Scheme, whichever is applicable to your claim.
We will not make or pursue a claim, or advise you to, if we know or have reasonable grounds to suspect that the claim does not have a good arguable basis, and or is fraudulent or frivolous.