Designed 4 Life Ltd were a Portsmouth based Independent Financial Adviser.
Before going into default in 2017, they had three complaints upheld against them by the Financial Ombudsman Service (FOS) with more expected to follow.
The complaints related to advice given to transfer pensions into SIPPS which contained high risk, unregulated investments such as Harlequin Properties.
Designed 4 Life has now dissolved following liquidation.
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.
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.