Economic Financial Solutions IFA Ltd / Torch Wealth Management

Did you receive advice from Economic Financial Solutions IFA Ltd / Torch Wealth Management? If so you may want to check if you should be claiming compensation for mis-sold pension advice.

Economic Financial Solutions IFA Ltd were established in 2010 and based in Swansea. They also previously traded as Torch Wealth Management and JAG Protection.

They advised clients to transfer from existing pension schemes into SIPPs. In some cases, this involved investing with a stockbroker using a discretionary fund manager.

Pension transfer advice complaints

There were several complaints upheld by the FOS relating to this pension transfer advice which was judged to be unsuitable. In one case decision it was found that there wasn’t “any real justification for recommending the transfer.”

Clients also complained about the suitability of the investments chosen by the Fund Manager.

Torch Wealth Management were one of several advisers connected to Organic Investment Management.

FCA Restrictions

In October 2018 the FCA placed restrictions on the company’s permissions. They were told to cease any business relating to pensions and investments arising from unregulated introducers.

Latest on Torch Wealth / Economic Financial Solutions

Economic Financial Solutions IFA ltd went into Liquidation in November 2019.

They were declared in default by the FSCS January 2020. The FSCS usually does this when they are satisfied there’s a valid claim and that the company is unable to return money to eligible customers.

Want to know if you may have been mis-sold your SIPP?

Whilst each case is individual, as pension mis-selling specialists we know to look for certain signs that in our experience indicate that SIPP mis-selling may have happened.

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

 

Key Facts

1
Economic Financial Solutions IFA Ltd also previously traded as Torch Wealth Management and JAG Protection
2
They were declared in default by the FSCS January 2020

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.

Robert Pemberton
2022-04-11
Antony Stroud
2022-04-08
Excellent company, would definitely use again, they never gave up
Junior Geener
2022-03-20
always kept you informed has to what was going on .I'd recommend pension claim to anybody
Ian Gaynor
2022-03-14
A thoroughly positive result and experience. In all honesty I didn't have much hope of any success following a truly dodgy pension investment. I spent years angry at myself then decided to let these guys have a go on my behalf. It took hardy any effort on my part and they kept me fully informed, then out of the blue I got a call saying they have won all my pension back plus more and within days it hit my account. Thrilled with their effort and professionalism. I dealt with a few different staff and all were informative, polite and helpful. I great end to a terrible situation. 100% genuine review and I cannot recommend them enough. Thank you.
Grace Anderson
2022-03-11
Pension Claim Consulting were a Godsend. I was told about them by a friend who had also invested in a pension. They kept me informed on the progress of my claim with regular updates and answered my queries with patience and professionalism. There percentage for on behalf was also lower than expected. I can't thank them enough
adrian buck
2022-03-10
Keith Wilkins
2022-03-09
Very thorough and achieved the goal regarding compensation in full. Took a while but was worth the wait
Mark Holmes
2022-03-08
Excellent service. Great result.
michael dixon
2022-03-08
I was approached by Pension Claim Consulting after the company that was handle ing my SIPP had been investigated by the Financial Ombudsmen and informed me i had a case, with this information given to me i agreed to let them represent me in trying to reclaim my investment. All through the process i was informed of every step and on a regular basis even though it took many months the outcome was successful and i was reimbursed fully. This is a fantastic company to work with and dedicated staff who know their business. Many Thanks. Mike Dixon.
Roderick Turnbull
2022-03-08
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.