The Financial Factory

Did you receive advice from The Financial Factory? If so you may want to check if you should be claiming compensation for mis-sold pension advice.

The Financial Factory was an Independent Financial Advice firm based in Northern Ireland. The company director was Brian Boyd, who also set up an introducer company called Property Factory. Property Factory later changed its name to NI Alternative Investments Ltd.

The Financial Factory was declared in default by the FSCS in September 2018 and both companies have since been dissolved.

The Financial Factory  and complaints about advice

Complaints about advice given by The Financial Factory regarding pensions and investments, were first upheld by the Financial Ombudsman Service in 2017.

These complaints involved advice to move personal pensions into SIPPs which contained a high risk, unregulated investment – Harlequin.

From the evidence in these cases, it seems The Financial Factory failed to ensure that the investment in the SIPP was suitable for their clients.

In one case the FOS commented that …

“…The advice Mr G was given was defective. It did not encompass the intended investment in the SIPP (Harlequin)”


Harlequin Property

Harlequin Property was an investment scheme to create 6000 hotel and rental properties in the Caribbean and other locations.

It’s estimated £400m was put in by 6000 investors, the large majority of which were investors with SIPPS.

However, it’s been reported that only 300 of the proposed properties were actually built.

Harlequin Property is truly an example of SIPP mis-selling at its worst.

From unregulated marketing companies cold calling people using free pension reviews to negligent financial advice which saw people invest their pension pots into a totally unsuitable investment scheme.

In 2017 the Serious Fraud Office charged the chairman of the Harlequin Group – David Ames with 3 counts of Fraud by Abuse of Position.

Harlequin Property has since been valued at £0.


SIPP Providers linked to Harlequin

As many people who invested in Harlequin Property did so through their SIPP, the investment was popular with many SIPP providers, such as:

Want to know if you may have been given mis-sold pension advice from The Financial Factory?

Whilst each case is individual, as pension mis-selling specialists we know to look for certain signs that in our experience indicate mis-sold pension advice may have been given.

Our assessment is free and there’s absolutely no obligation to use our service if you have case.

See what our clients have to say about our service on Trustpilot.

Key Facts

The Financial Factory was dissolved in 2018, however you may still be able to make a claim if you are eligible and have been mis-sold
The Financial Factory advised clients into SIPPs that contained Harlequin properties - a high risk, non standard investment unsuitable for the average SIPP investor

We win more than 9 out of 10 claims

The cost of our service is 15% + VAT on the total monies awarded for a successful claim. Our cost is also priced capped at one of the lowest rates.

Robert Pemberton
Antony Stroud
Excellent company, would definitely use again, they never gave up
Junior Geener
always kept you informed has to what was going on .I'd recommend pension claim to anybody
Ian Gaynor
A thoroughly positive result and experience. In all honesty I didn't have much hope of any success following a truly dodgy pension investment. I spent years angry at myself then decided to let these guys have a go on my behalf. It took hardy any effort on my part and they kept me fully informed, then out of the blue I got a call saying they have won all my pension back plus more and within days it hit my account. Thrilled with their effort and professionalism. I dealt with a few different staff and all were informative, polite and helpful. I great end to a terrible situation. 100% genuine review and I cannot recommend them enough. Thank you.
Grace Anderson
Pension Claim Consulting were a Godsend. I was told about them by a friend who had also invested in a pension. They kept me informed on the progress of my claim with regular updates and answered my queries with patience and professionalism. There percentage for on behalf was also lower than expected. I can't thank them enough
adrian buck
Keith Wilkins
Very thorough and achieved the goal regarding compensation in full. Took a while but was worth the wait
Mark Holmes
Excellent service. Great result.
michael dixon
I was approached by Pension Claim Consulting after the company that was handle ing my SIPP had been investigated by the Financial Ombudsmen and informed me i had a case, with this information given to me i agreed to let them represent me in trying to reclaim my investment. All through the process i was informed of every step and on a regular basis even though it took many months the outcome was successful and i was reimbursed fully. This is a fantastic company to work with and dedicated staff who know their business. Many Thanks. Mike Dixon.
Roderick Turnbull
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.