Thomson Brown Financial Management Ltd

Did you received advice from Thomson Brown Financial Management Ltd? If so, you may want to check if you should be claiming compensation for mis-selling. 

Thomson Brown Financial Management Ltd were a financial advice firm based in Dalkeith Scotland.

Established in 2007 they were previously known as David Brown Financial Services Ltd and also traded as Audley Asset Management.

They applied to have its FCA permissions cancelled in March 2021. According to companies house the company dissolved on 22nd June 2021.

The FSCS have now declared Thomson Brown Financial Management Ltd in default.

Unsuitable advice complaints

Unsuitable advice complaints were upheld by the Financial Ombudsman Service earlier this year. These complaints related to pension transfer advice given by Thomson Brown Financial Management and Newport Financial Management LLP. Newport Financial Management LLP were an Appointed Representative of Thomson Brown Financial Management Ltd.

The firm is no longer registered with the FCA as Appointed Representative agents of an authorised firm and the company was dissolved in 2019.


What is Unsuitable Pension Advice from Thomson Brown Financial Management?

Unsuitable pension advice is at the heart of most mis-selling cases and quite often involves a transfer from a personal pension into SIPP.

Unfortunately, the investments within these SIPPs turn out to be high-risk and unregulated. These types of investments are generally only considered suitable for certain investors who:

  • Understand the risks involved
  • Can afford the risks involved
  • Have investment experience or knowledge

People being advised to invest in schemes that do not match their attitude to risk is a common factor in many mis-selling cases.

The transfer itself may also be ill-advised if the client would have been better off staying in their existing pension scheme.


Want to know more about mis-sold pension advice?

If you are concerned about the advice you received from them and want to check if it may have been unsuitable (mis-sold) we offer a free initial consultation.

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

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

Complaints were upheld by the Financial Ombudsman Service earlier this year relating to pension transfer advice
The firm has dissolved, however you may still be able to make a claim if you've been mis-sold

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.