Total Wealth Solutions Ltd (TWS) were founded in 2004 and based in Bedfordshire.
They went into voluntary liquidation in June 2017 following a number of client complaints.
These complaints, which were upheld by the Financial Ombudsman Service (FOS), related to pension transfer advice.
Total Wealth Solutions Ltd were one of several advice firms linked to the Green Retirement Pension Plan (GRPP) and Para Sky Plantation.
Para Sky was a high risk, unregulated investment scheme involving Brazilian Teak Forestry. It was marketed by a company called Global Forestry Investments (GFI) who were subject to a Serious Fraud Office investigation.
In 2017, the new trustees of GRPP actually wrote to over 70 of its members urging them to make a claim against their Financial Adviser for recommending this investment, which had its value reduced to £1.
Total Wealth Solutions Ltd are no longer authorised by the FCA and are currently in liquidation.
Pension mis-selling often happens as a result of bad financial advice.
When making a recommendation for a financial product, regulated advisers have a duty to check the suitability for its clients. This involves assessing important things such as your circumstances and attitude to risk.
Failure to do so could not only put the client’s finances at potential risk but may also be pension mis-selling.
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.