Wellington Court Financial Services Ltd

If you received advice from Wellington Court Financial Services Ltd, you may want to check if you should be claiming compensation for mis-selling.

Wellington Court Financial Services is a financial advice firm based in County Offaly, Ireland. They have temporary FCA permissions to provide certain services in the UK and have an office based in Devon.

In October 2020 they were told by the FCA to stop giving pension transfer advice.

Unsuitable advice claims

An unsuitable advice claim made against Wellington Court Financial Services was upheld by the Financial Ombudsman Service in March this year. It related to advice they had given a client in 2015 to transfer his personal pension into a Orbis SIPP.

The FOS ordered Wellington Court to pay compensation and stated in their decision…

“…switching a pension can be a complex transaction with several different factors to weigh up and consider. Mr R was an ordinary retail investor. He doesn’t appear to have had any experience or knowledge of this type of transaction. So, I think he was entitled to rely on this advice. And presumably he was persuaded the switch to a SIPP would meet his objective to increase his provision for retirement. But I’ve not seen enough evidence to persuade me that the advice to switch to a SIPP was suitable.”

There were also reports of Wellington Court’s involvement in a pension transfer in which a  client moved from a local government pension scheme into a SIPP. This kind of pension transfer is seldom recommended as it’s rarely the case that the client will be better off.

The client was introduced by Brunel and Lewis and the SIPP was run by with Forthplus Pensions. Both companies have been linked to other mis-selling cases involving pension transfers.

Mis-selling and financial advice

Mis-selling quite often begins with poor quality financial advice.

If a regulated firm or adviser has given you bad advice regarding your pension, you may be able to claim compensation.

Get a free assessment to see if you may have mis-sold

If you want to know if you may have been mis-sold – we can help with our free assessment check.

Whilst each case is individual, as mis-selling specialists we know to look for certain signs that in our experience indicate that the advice you received may have been unsuitable.

Our assessment is free and there’s absolutely no obligation to use our service if you have case.

See what our clients have to say about our service on Trustpilot.

Key Facts

A claim made against Wellington Court Financial Services was upheld by the FOS in March this year relating to pension transfer advice they had given a client in 2015
In October 2020 Wellington Court Financial Services Ltd were told by the FCA to stop giving pension transfer advice.

We win more than 9 out of 10 claims

The cost of our service is 18% inc VAT on the total monies awarded for a successful claim

Important Information!

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.