CALL TODAY - 0114 266 4216

Fiducia Wealth Solutions Ltd

Did you receive pension advice from Fiducia Wealth Solutions Ltd?

Fiducia Wealth Solutions Ltd was liquidated on 26th November 2020.

It also traded as Fiducia Investments and was formerly known as Regen Investments Ltd until 2014.

In October 2019 the Financial Conduct Authority (FCA)  imposed restrictions on Fiducia Wealth Solutions Ltd to “cease all regulated activity and retain assets”

Our initial assessment

1

Can help check if you may have been given mis-sold pension advice.

2

We can tell you if we think you have a case and what your options are if you do.

3

It’s free, confidential and there’s no obligation to use our claims service.

Arrange an Initial Assessment

Fiducia Wealth Solutions and British Steel Pensions

Fiducia Wealth Solutions is one of many advisory firms associated with claims regarding the British Steel Pension Scheme (BSPS) scandal.

Thousands of BSPS members were exploited amidst the uncertainty following the closure of British Steel’s troubled original pension scheme.

Many were advised to transfer from the BSPS into a Personal Pension Plan or Self-Invested Personal Pension (SIPP).

Fiducia Wealth Solutions reportedly used unregulated introducers firms.

These firms contacted people regarding transfers from “gold-plated” defined benefit pensions from companies such as British Steel and Sony.

Money was invested in high-risk products by a fund management service provided by SVS Securities.

The FCA has said SVS customers were subject to high fees and commissions of as much as 20%.

It also meant a loss of benefits already built up in the British Steel Pension Scheme.

And it may not have been realistic to achieve the same level of benefits from their new arrangement.

Better retirement group and SVS Securities

It’s reported that Better Retirement Group provided “specialist DB transfer services” to Fiducia Wealth Solutions and SVS Securities.

In May 2022, Better Retirement Group asked the FCA to impose requirements on its permissions, meaning it can no longer conduct regulated activity.

SVS Securities entered special administration in 2019 after “serious concerns” were identified by the FCA about the way in which the firm was operating.

More than £30m in compensation has been paid by the FSCS to former clients of SVS Securities.

Making a claim against Fiducia Wealth Solutions

As the company is now dissolved claims will pass to the Financial Services Compensation Scheme (FSCS).

The FSCS exists to protect the customers of financial services firms that have failed. Once it has established there are claims that are eligible under its rules, it will process claims and pay compensation.

The FSCS is limited to how much compensation it can award and this depends on when and how you were mis-sold.

Arrange an assessment & check if you have a claim




    GDPR: I understand by completing my details on the above form my data will be protected and processed in line with Pension Claim Consulting Ltd's Privacy & Cookie Policy

    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.