Moneywise Financial Advisers Ltd were formed in 2012 and were based in Aberdeen. As of 2017 they are no longer authorised by the Financial Conduct Authority (FCA).
In 2014 the FCA placed restrictions on the firm regarding pension switches and transfers, especially regarding SIPPs.
Complaints have been made against Moneywise and advice to invest in Storefirst through SIPPs.
In 2016 they were declared in default with the FSCS.
Pension mis-selling often happens as a result of bad financial advice. When making a financial recommendation, such as a pension transfers or investment, Advisers have a duty to consider:
Most Financial Advisers do work in the best interests of their clients and follow the regulations. Unfortunately, some have exposed their clients to unsuitable risks and losses as a result of the advice they have given.
If you have received unsuitable financial advice from a regulated Adviser or firm, you may have been mis-sold.
If you were advised to transfer into a SIPP and you have concerns about the advice you received or the investments within the SIPP we may be able to help.
We offer a free initial check to see if you may have been mis-sold. It’s just a simple chat with one of our team who can briefly assess if you may have a case. There’s no obligation to use our service.
See what our clients think of us on Trustpilot
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.