19 September 2019 | Comment | Article by Ria Coleman

Were you advised by Consumer Wealth Limited?

The Financial Services Compensation Scheme (‘FSCS’) is accepting claims against Consumer Wealth Limited, following the firm going into liquidation earlier this year. 

As of June 2019, claims against Consumer Wealth Limited are now being progressed to assessment by the FSCS’s claims processing team.

It is our understanding that Consumer Wealth Limited was responsible for the following advice:

  • Advice to transfer an existing pension into a Self-Invested Personal Pension (‘SIPP’);
  • Advice to invest in non-standard, highly speculative and risky investments. In particular, it has come to our attention that Consumer Wealth Limited was responsible for advising some of its clients to invest in non-standard assets through the Greyfriars Asset Management Portfolio Six (P6) investment.

If you have been advised by Consumer Wealth Limited and believe you have been mis-sold a product or received negligent advice, our experienced Financial Mis-Selling team may be able to assist you in bringing a claim for compensation.

Contact us today for a free, no obligation consultation.

Disclaimer: The information on the Hugh James website is for general information only and reflects the position at the date of publication. It does not constitute legal advice and should not be treated as such. If you would like to ensure the commentary reflects current legislation, case law or best practice, please contact the blog author.

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