In 2011 the FCA imposed restrictions on them regarding pension transfer advice and UCIS.
UCIS are Unregulated Collective Investment Schemes, which are high-risk.
High-risk and unregulated investments are generally not suitable for the average investor. They are also not covered by the FCA. This means there’s no protection for clients from the FSCS or Ombudsman should things go wrong.
They are no longer authorised by the FCA and were declared in default by the FSCS in 2014. The company dissolved in 2014. Once a firm is no longer authorised by the FCA, any remaining protections will vary depending on the length of time since your dealing with the firm, and the specific regulated activities that the firm was involved with.
If you are concerned that the advice you have received regarding your pension may have been mis-sold – we may be able to help.
We offer a free initial check which is simply a 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.