Wellington Court Financial Services

If you received advice from Wellington Court Financial Services, you may want to check if you should be claiming compensation for mis-selling.

Wellington Court Financial Services is a financial advice firm based in County Offaly, Ireland. They had temporary FCA permissions to provide certain services in the UK and had an office based in Devon.

In October 2020 they were told by the FCA to stop giving pension transfer advice.

Latest on Wellington Court Financial Services

On June 22nd, 2022, the Financial Services Compensation Scheme (FSCS) announced that Wellington Court Financial Services is “under investigation”.

The FSCS is now considering customers’ claims and has been working with the FCA and Financial Ombudsman Service to investigate the firm’s activities.

Unsuitable advice claims and Wellington Court Financial Services

An unsuitable advice claim made against Wellington Court Financial Services was upheld by the Financial Ombudsman Service in 2021. It related to advice they had given a client in 2015 to transfer his personal pension into a Orbis SIPP.

The FOS ordered Wellington Court to pay compensation and stated in their decision…

“…switching a pension can be a complex transaction with several different factors to weigh up and consider. Mr R was an ordinary retail investor. He doesn’t appear to have had any experience or knowledge of this type of transaction. So, I think he was entitled to rely on this advice. And presumably he was persuaded the switch to a SIPP would meet his objective to increase his provision for retirement. But I’ve not seen enough evidence to persuade me that the advice to switch to a SIPP was suitable.”

There were also reports of Wellington Court’s involvement in a pension transfer in which a  client moved from a local government pension scheme into a SIPP. This kind of pension transfer is seldom recommended as it’s rarely the case that the client will be better off.

The client was introduced by Brunel and Lewis and the SIPP was run by with Forthplus Pensions. Both companies have been linked to other mis-selling cases involving pension transfers.

Guinness Mahon and Wellington Court

The Financial Ombudsman Service has upheld a large number of complaints against Wellington Court. These are in respect of its involvement with the transfer of customers’ pensions into self-invested personal pension administered by Guinness Mahon.

According to reports Wellington Court has failed to satisfy the FOS awards and the FCA has been notified of this failure.


Mis-selling and financial advice

Mis-selling quite often begins with poor quality financial advice.

If a regulated firm or adviser has given you bad advice regarding your pension, you may be able to claim compensation.


Get a free assessment to see if you may have mis-sold

If you want to know if you may have been mis-sold – we can help with our free assessment check.

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

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

A claim made against Wellington Court Financial Services was upheld by the FOS in March this year relating to pension transfer advice they had given a client in 2015
In October 2020 Wellington Court Financial Services Ltd were told by the FCA to stop giving pension transfer advice.
FSCS announced Wellington Court Financial Services is "under investigation"

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Robert Pemberton
Antony Stroud
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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.
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Keith Wilkins
Very thorough and achieved the goal regarding compensation in full. Took a while but was worth the wait
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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.