MFS Partnership (SW) LLP were formed in 2007 and based in Plymouth.
In 2016 there were reports of customer complaints regarding pension mis-selling.
Complaints upheld by the Financial Ombudsman Service mentioned the high-risk, unregulated investment. The unregulated investment was New Earth Solutions Facilities Management – (NESFM). Unregulated investments are not suitable for most people.
The Financial Services Compensation Scheme declared MFS Partnership in default in 2017. The company has now dissolved following liquidation.
The FSCS accepts eligible claims against MFS Partnership, and the maximum FSCS can award for a claim against this firm is £50,000.
Pension mis-selling basically means you’ve been sold a financial product relating to your pension which isn’t suitable or wasn’t exactly what you were told it would be.
This can include pension transfer advice, investment suitability and whether important things were made clear to you, such as costs, fees and the risks involved.
A regulated adviser should operate due diligence and check that their clients’ circumstances and attitude to risk, suit the investment or pension product. Failure to do so may be mis-selling.
If you were advised to transfer into a SIPP and you have concerns about the advice you received, we may be able to help.
We offer a free initial check to see if you may have been mis-sold. It’s just a simple chat with one of our team who can briefly assess if you may have a case. 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.