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Mercia Financial Planning Ltd

Failed 06/09/2022

FRN: 718251

Did you receive pension advice from Mercia Financial Planning Ltd?

Mercia Financial Planning Ltd was declared in default by the Financial Services Compensation Scheme (FSCS) in September 2022.

According to reports claims have been made to the FSCS about Mercia Financial involving pension transfer advice.

This includes claims in respect of the British Steel Pension Scheme (BSPS).

Thousands of BSPS members received unsuitable advice to transfer their pension and are now claiming compensation.

In January 2021, the FCA restricted the firm from disposing of any assets or selling its clients base without permission.

Mercia Financial Planning Ltd applied to have its FCA permissions cancelled in May 2022 and is currently in liquidation.

Can I still claim compensation if Mercia Financial Planning Ltd is in default?

Yes, you can still make a claim against Mercia Financial Planning Ltd, but your claim will be processed by the Financial Services Compensation Scheme (FSCS).

The FSCS protects customers of financial services firms that have failed and a declaration of default means the FSCS has established there are claims that are eligible under its rules.

And that the firm/adviser are unlikely or unable to pay compensation.

The Financial Services Compensation Scheme has limits to how much compensation it can award depending on when and how you were mis-sold.

If you want to make a claim yourself here’s some useful links to help you

You can make a claim yourself for free at the FSCS.

Financial Services Compensation Scheme
FSCS Making a claim
FSCS Contact Us

Money Helper
How to spot a pension scam

Money & Pensions Service
How MaPS can help those who have been scammed on their pensions

Using our Service to handle your claim

We are one of the UK’s leading Claims companies specialising in mis-sold pensions and investments.

Our outstanding claims service includes a full investigation and management of your claim.

Our success fee is calculated at 15%+VAT (total 18%) of the gross amount of compensation offered to you.

And our maximum success fee is capped at £7,500 + VAT.

 

Our free initial Assessment

If you think you may have a mis-sold pension and would like some help, arrange a free initial assessment with one of our friendly experts.

We can tell you if we think you have a case and what your options are if you do – no obligation to use our claims service.

Simply fill in the form below to arrange a consultation.

Key Facts

1
Mercia Financial Planning Ltd no longer exists so you may be able to make a claim against it with the FSCS
2
Not sure if you have a case? Our no obligation initial consultation can help

We win more than 9 out of 10 claims

The cost of our service is 15% + VAT on the total monies awarded for a successful claim. Our cost is also priced capped at one of the lowest rates.

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.