GO IFA Ltd scandal: What you need to know

GO IFA Ltd claimed to offer sound financial advice but left many people without their money. If you were pushed toward risky investments, charged hidden fees, or were given advice that didn’t fit your needs, you could get your money back.

While you can claim for yourself, it can be a time-sink, especially if you’re not familiar with the process. Let’s see what went wrong with GO IFA Ltd, and how you can make your claim today.

This guide covers:

• Who were Go IFA Ltd?
• Key events leading to Go IFA Ltd’s failure
• What went wrong with Go IFA Ltd?
• Could your pension have been mis-sold?

Who were Go IFA Ltd?

Go IFA Ltd was a financial advisory firm regulated by the Financial Conduct Authority (FCA) under FRN 530741. Its services included pension advice, investment opportunities, and wealth management.

Even though they offered this range of services, they came under fire for giving bad advice and mis-selling pensions. Many clients said they were pressured into moving their pensions into high-risk investments that didn’t match their financial goals or risk tolerance.

This eventually led to their collapse on 10 April 2024.

Key events leading to Go IFA Ltd’s failure

• 2010s – Go IFA became known for providing financial advice across the UK.
• 2022-2023 – Complaints started rolling in about mis-sold pensions and poor investment advice.
• 10 April 2024 – The company stopped trading, leaving clients with major financial losses.

What went wrong with Go IFA Ltd?

A lot of people trusted Go IFA Ltd to provide solid financial advice. But over time, troubling reports started to surface, including:

• Clients being pressured into moving their pensions into risky Self-Invested Personal Pensions (SIPPs).
• Promises of high returns that never came through.
• Poorly explained risks and fees tied to investments.

These poor practices left clients with empty or low retirement savings, and many lost trust in financial advisors altogether.

Could your pension have been mis-sold?

If you’re unsure whether Go IFA Ltd mis-sold your pension, ask yourself:

• Were you advised to move your pension into a SIPP or another high-risk scheme?
• Were the risks and fees involved properly explained?
• Did you feel rushed or pressured to make a quick decision?
• Has your pension dropped in value or failed to grow as promised?

If any of this sounds familiar, there’s a chance you were mis-sold and could be entitled to compensation. Keep reading to see how we can help.

How to start your claim for compensation

Let Spencer Churchill Claims Advice do all the hard work for you. From investments to pensions, we help with it all:

• Mis-sold pensions – If you were advised to transfer your pension without a proper risk assessment.
• Mis-sold SIPPs – Claims for those misled into unsuitable, high-risk schemes.
• Mis-sold pension transfers – Helping you recover losses from poor advice.
• Mis-sold investments and mis-sold bonds – Regaining control of your financial future after mis-sold investments.

How we can help

Our team of experts will:

• Review your case – We’ll assess your situation to see if you have a valid claim.
• Handle all the paperwork – From gathering evidence to filling out forms, we’ll manage the whole process for you.
• File your claim – We’ll speak with the FSCS or any relevant bodies on your behalf, doing everything we can to get back your money.
• Get the most compensation possible – Our goal is to get you the best possible outcome for your claim.

Let us take the weight off your shoulders – call our team to check your claim today.

Take action today

Poor financial advice doesn’t have to be the end of your story. If your savings have taken a hit, it’s time to take action and start rebuilding your future. The sooner you begin, the better your chances of getting back what you’ve lost.

It just takes a quick call to see where you stand – no strings attached, get started now!