Assured Review IFA Ltd were a financial advice firm established in 2013.
They were declared in default by the FSCS in February 2017 and the firm dissolved in March 2017.
Unsuitable pension transfer advice complaints were made against Assured Review in 2016.
The FOS reportedly upheld one of these complaints in favour of the client. Assured Review advised the client to transfer £70k into a SIPP, which had unsuitably high-risk investments. The adjudicator said they had “very serious concerns” about the suitability of the advice the client had received.
Consequently, the company ceased trading shortly after the FOS decision, and all complaints were directed towards the FSCS.
Pension mis-selling often occurs due to unsuitable financial advice.
For instance, advice can be considered unsuitable if the adviser hasn’t made you aware of the risks involved or adequately checked the investments are right for you. In addition, if you have been advised to place most of your funds into one high-risk investment, this may also be mis-selling.
As a result of the unsuitable advice, you may have suffered financial losses that you cannot afford.
High risk investments are generally suitable for clients who can afford to lose money. These types of clients usually have the investment experience needed to manage their SIPP account, and are comfortable with the level of risk.
Firstly, if you’re worried about the advice you’ve received from Assured Review IFA Ltd, then you might be wise to get it checked.
Secondly, we offer a free assessment to determine if the advice you received was suitable or not, and if you have grounds to proceed with a claim for compensation.
While each case is individual, as mis-selling specialists, we know to look for certain signs. These signs 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 a case. 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.