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Retirement Direct Ltd

Failed 20/10/2023

FRN: 183942

Retirement Direct Ltd was declared in default by the Financial Services Compensation Scheme (FSCS) in October 2023.

The firm, which was based in Staffordshire, was formerly known as Read Independent Financial Advisers.

The FCA register entry for Retirement Direct Ltd is “no longer authorised’ since 12/11/2021 and Companies House records show that the firm went into voluntary liquidation in October 2021.

According to reports the FSCS have received 14 claims against Retirement Direct Ltd, of which three have been unsuccessful and one upheld. The remaining ten complaints are still in progress.

Retirement Direct Ltd is in default – can I still make a claim?

Yes, you can still make a claim against Retirement Direct Ltd or any firm that has been declared in default (failed) by the FSCS.

If a firm is no longer trading and has been declared in default, eligible claims will be processed by the Financial Services Compensation Scheme (FSCS).

The FSCS is limited to the amount of compensation it can award, depending on when and how you were mis-sold. The current maximum is £85k per person per firm.

You can submit a claim yourself for free with the FSCS

Here’s some useful links …

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

Our Initial Assessment

If you are concerned about pension mis-selling and would like to know more about making a claim our initial assessment could help!

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

Simply fill in the form below to arrange or call and have a chat today!

Key Facts

Retirement Direct Ltd was declared in default by the Financial Services Compensation Scheme in October 2023.
It was formerly known as Read Independent Financial Advisers
Not sure if you have a case? Try our initial assessment

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.