Juno Moneta Capital Management Limited was a financial advice firm formerly known as Corcillum Limited.
It also traded as Morgan Peterson and BL Financial and the FCA register notes that Amparo Wealth Ltd were Appointed Representatives.
According to Companies House, the firm has been in administration since 7 August 2020.
Juno Moneta Capital Management Limited was declared in default by the Financial Services Compensation Scheme (FSCS) on May 6th, 2022.
This is something the FSCS usually does when it has established that there are protected claims against the firm.
And that your Adviser or firm are unable or unlikely to be able to pay the compensation.
The FSCS confirmed that it had received complaints from former clients relating to pension transfer advice.
Yes may still be able make a claim for compensation against Juno Moneta Capital Management Limited but the FCSC will handle the claim.
The FSCS exists to protect customers of financial services firms that have failed and can’t pay claims against it.
Please note – the FSCS is limited to how much compensation it can award.
This will be dependent on factors such as when and how you were mis-sold.
The BAD news:
Unsuitable Pension advice has caused huge losses
The GOOD news:
Compensation payments are hitting record figures every year
Unsuitable pension advice is common in most pension mis-selling cases. And quite often involves a transfer from a personal pension into SIPP – Self Invested Personal Pension.
People can end up invested in schemes that aren’t suitable for them or their circumstances.
This is mainly because the investments within some SIPPs are high-risk and unregulated and generally only suitable for certain investors.
This not only exposes people to unsuitable risk but may affect people’s retirement outcome and cause financial losses.
The pension transfer advice itself may be unsuitable if you would’ve been better off staying in your existing pension scheme.
If you’re worried about the pension advice you received from Juno Moneta Capital Management Limited and want to check if it may have been mis sold – we can help!
We offer an initial assessment to assess if we think you have a claim.
It’s free and there’s no obligation to use our service.
Get in touch and have a chat with one of our friendly and experienced claims handlers.
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.