Oakwood Financial Management LLP scandal: What you need to know

Did Oakwood Financial Management LLP’s advice leave you out of pocket? You could be owed thousands in compensation. Pushed into a risky investment, or had your pension mishandled? It’s time to get your money back.

Let’s break down what went wrong with Oakwood Financial Management LLP and how you can start your claim today.

This guide covers:

• Who was Oakwood Financial Management LLP?
• Key events leading to Oakwood’s collapse
• What happened with Oakwood Financial Management LLP?
• Have you been mis-sold your pension?
• How to start your claim for compensation

Who was Oakwood Financial Management LLP?

Oakwood Financial Management LLP was a UK-based financial advisory firm that offered financial planning, pension advice, and investment services. Despite being regulated by the Financial Conduct Authority (FCA), many clients made complaints against them.

Clients reported being mis-sold pensions, steered towards risky investments, and given advice that didn’t work for their financial goals. The fallout from all this left many people without much of their money.

In April 2024, they closed down and left many customers unsure about their next steps – and in some cases, worried about their savings. If you were affected, there’s still time to claim compensation.

Key events leading to Oakwood’s collapse

Here’s a quick look at how things unfolded before PH7 Wealth Management Ltd shut down for good.

• Early 2020s – Complaints began rolling in about Oakwood’s advice, especially around pension transfers into high-risk investments.
• 2023 – The FCA got involved due to rising client concerns and ongoing issues.
• April 2024 – Oakwood Financial Management LLP officially folded, leaving many clients needing compensation for their financial losses.

If you’re one of those affected, there’s still time to take back control and claim what you’re owed – start today with Spencer Churchill Claims Advice. Our team is here to chat about your claim – free and no strings attached.

What happened with Oakwood Financial Management LLP?

Many clients were encouraged to transfer their pensions into Self-Invested Personal Pensions (SIPPs) or other high-risk schemes without fully understanding the risks involved. Here are some of the common complaints:

• Promises of high returns that never came about.
• Failure to explain the risks tied to the investments.
• High-pressure sales tactics that rushed clients into quick decisions.
• Unsuitable recommendations that didn’t fit clients’ financial goals or circumstances.

If any of this sounds familiar, you may have been mis-sold on your pension and could be entitled to compensation. Let our team help get your hard-earned money back in your pocket. Get in touch now.

Have you been mis-sold your pension?

If you dealt with Oakwood Financial Management LLP, look out for these red flags:

• You were encouraged to transfer your pension into a high-risk SIPP.
• You were promised guaranteed returns on investments.
• You weren’t informed about the risks of losing money.
• You received unsolicited calls or emails about your pension.
• Your pension has lost value or stopped growing.

How to start your claim for compensation

The FSCS (Financial Services Compensation Scheme) is handling all claims related to Oakwood Financial Management LLP. You can submit your claim directly through them, but this can quickly become tricky and time-consuming. That’s what we’re here for: let us do the heavy lifting, and you can relax knowing your case is in the hands of a team you can trust.

How we can help

Our team of specialists will:

• Review your case – We’ll assess your circumstances and see if you have a valid claim.
• Handle the paperwork – We’ll manage all the annoying forms and submissions, saving you the headache.
• Fight for your compensation – We’ll advocate for you with the FSCS, doing everything we can to get the payout you deserve.

What do we help with?

• 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.

Get your pension back on track with Spencer Churchill Claims Advice

If you’ve lost money due to poor financial advice from Oakwood Financial Management LLP, act now. The sooner you start, the better your chances of getting back your savings. Every day you wait could mean missing out on what you’re owed. Speak with us now for a free, no-obligation consultation.