Kynaston Carnoustie Financial Consultancy Limited were declared in default by the FSCS in 2014.
In 2015 it was reported that the FSCS had paid out £1.8m in claims due to unsuitable pension advice. Many of these complaints relate to advice given about SIPPs in particular the investments in the SIPPs.
Investments they are known to advised on include Premier Children Services and Sustainable Agro energy. These are high-risk non-standard investments which are generally considered unsuitable for the average SIPP investor.
Kynaston Carnoustie are ‘No longer Authorised’ by the FCA and the company dissolved following liquidation.
The majority of pension mis-selling happens as a result of poor or negligent financial advice. In particular pension transfers and SIPPs.
Did you take advice about transferring your pension and are worried you may have been mis-sold?
We may be able to help. We offer a free assessment to check if the advice you received may have been mis-sold. There’s no obligation to use our service.
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.